INDUSTRIES
INDIAN MINERALS AND INDUSTRIES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following statements regarding manufacturing is not true?
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Manufacturing helps in modernising agriculture.
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Development of manufacturing industries is a precondition for eradication of unemployment and poverty.
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Export of manufactured goods expands trade and commerce and brings in much needed foreign exchange.
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Manufacturing puts the country into a debt trap.
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Explanation:
Detailed explanation-1: -Solution(By Examveda Team) Mining is not a manufacturing industry.
Detailed explanation-2: -Examples of manufacturing include automotive companies, bakeries, shoemakers and tailors, as they all create products, rather than providing services. However, for example, logging or mining are not manufacturing, as they do not change goods into new products.
There is 1 question to complete.