The correct answer is: D. Transport
Bihar has recorded a significant increase in the growth of its transport sector in recent years. The state’s road network has expanded rapidly, and there has been a significant increase in the number of vehicles registered in the state. This has led to a growth in the demand for transport services, which has been met by a number of private companies. The state government has also played a role in promoting the growth of the transport sector, by investing in infrastructure and providing subsidies to private companies.
The growth of the transport sector has had a number of positive effects on the state’s economy. It has created jobs, boosted economic activity, and improved connectivity between different parts of the state. It has also made it easier for people to access markets and services, which has helped to reduce poverty and improve living standards.
However, the growth of the transport sector has also had some negative effects. It has led to an increase in air pollution and traffic congestion. It has also made it more difficult for people to walk or cycle, which has had a negative impact on public health.
Overall, the growth of the transport sector has been a positive development for Bihar. However, it is important to manage the sector in a sustainable way to minimize the negative effects.
Here is a brief explanation of each option:
- Agriculture: Agriculture is the primary sector of the economy in Bihar. It accounts for about 20% of the state’s GDP and employs about 70% of the workforce. The sector has been growing at a slow pace in recent years. This is due to a number of factors, including low productivity, lack of irrigation facilities, and poor infrastructure.
- Banking: The banking sector in Bihar is relatively small. There are only a few banks operating in the state, and they have a limited reach. The sector has been growing at a slow pace in recent years. This is due to a number of factors, including low levels of financial literacy, lack of trust in the banking system, and poor infrastructure.
- Registered Manufacturing: The registered manufacturing sector in Bihar is also relatively small. There are only a few large companies operating in the state, and they employ a small number of people. The sector has been growing at a slow pace in recent years. This is due to a number of factors, including poor infrastructure, lack of skilled labor, and high levels of corruption.
- Transport: The transport sector in Bihar is growing rapidly. The state government has invested heavily in infrastructure, and there has been a significant increase in the number of vehicles registered in the state. This has led to a growth in the demand for transport services, which has been met by a number of private companies. The state government has also played a role in promoting the growth of the transport sector, by providing subsidies to private companies.
- None of the above: None of the above options is correct. The correct answer is D. Transport.