GENERAL KNOWLEDGE

GK

INDIAN ECONOMY

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The most important competition to the Indian jute industry is
A
China
B
Bangladesh
C
Nepal
D
Japan
Explanation: 

Detailed explanation-1: -Bangladesh Jute Mills Corporation (BJMC) was formed to manage and look after all the 73 jute mills having 23, 836 looms under the president’s order. So, although India is the largest producer of jute, it’s facing a big challenge from Bangladesh in the exporting category. Hence, the correct answer is option D.

Detailed explanation-2: -The leading world’s jute producing countries are India, Bangladesh, China and Thailand . India is the world’s largest producer of raw jute and jute goods, contributing to over 50 percent and 40 percent respectively of global production.

Detailed explanation-3: -Three-fourths of the jute producing areas went to East Pakistan or present day Bangladesh but the mills remained in India. Q. Assertion :Bangladesh imports jute from India. Reason: Bangladesh has most of the jute mills.

There is 1 question to complete.