Question

24.1 Production and consumption of steel is often regarded as

(a) Human development index

(b) Country’s development index

(c) Both (a) and (b)

(d) None of the above​

Answer 1

Answer:

(b) Country's development index

Explanation:

(i) Steel production is the backbone of any country’s economy since it is the basic unit for the development of the nation.  

(ii) Almost every industry depends on iron and steel for its manufacturing and production.  

(iii) In today’s era of globalization, consumption of goods is increasing.

               Thus, it can be concluded that growth in production of steel is regarded as the index of country’s development.