More jobs
Higher revenue generation
Economic diversification
All of the above
Answer is Right!
Answer is Wrong!
The correct answer is: d) All of the above
Value addition to minerals within the state can create more jobs, higher revenue generation, and economic diversification.
- More jobs: When minerals are extracted and processed within the state, it creates jobs in the mining, processing, and manufacturing sectors. These jobs can be high-paying and skilled, and they can help to boost the local economy.
- Higher revenue generation: When minerals are extracted and processed within the state, the government can collect taxes on the profits from these activities. This revenue can be used to fund public services, infrastructure, and other programs that benefit the state’s residents.
- Economic diversification: When minerals are extracted and processed within the state, it helps to diversify the state’s economy. This can make the state less reliant on a single industry, and it can help to protect the state from economic shocks.
In addition to these benefits, value addition to minerals can also help to protect the environment. When minerals are extracted and processed in a responsible way, it can help to reduce pollution and conserve natural resources.
Overall, value addition to minerals within the state can have a number of positive benefits. It can create jobs, generate revenue, diversify the economy, and protect the environment.