SSC MTS EXAM

Detailed explanation-1: -Fishing. The fishing industry plays a significant role in the Russian economy. With access to the substantial resources of both the Atlantic and Pacific oceans, marine fishing is particularly well developed, and Russia’s fleet of factory ships can process huge catches at remote locations.

Detailed explanation-2: -Russia has the world’s sixth largest economy. Its primary exports are oil and gas.

Detailed explanation-3: -Russia’s economy depends heavily on exports of oil and gas, which also have been negatively affected by the war in Ukraine.

Detailed explanation-4: –Russia has an abundance of natural gas, oil, coal, and precious metals.-Transformed from a centrally planned economy to a more market-based and globally integrated economy.