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 more jobs in the mining and processing industries. These jobs can be in the extraction of the minerals, the processing of the minerals, or the transportation of the minerals.
- Higher revenue generation: When minerals are extracted and processed within the state, it generates more revenue for the state. This revenue can be used to fund government programs, invest in infrastructure, or reduce taxes.
- Economic diversification: When minerals are extracted and processed within the state, it can help to diversify the state’s economy. This can make the state less reliant on a single industry, such as agriculture or tourism.
In addition to these benefits, value addition to minerals can also improve the quality of life for people living in the state. It can do this by providing jobs, increasing tax revenue, and diversifying the economy.