Identify, for what percentage of the world's total Iron-ore reserves, India alone accounts for?
20%
The question asks about India's share of the total world reserves of iron ore. Iron ore is a crucial mineral resource used mainly for producing iron, which is a primary component in steel making.
India's Share in Global Iron Ore Reserves
Estimating the exact percentage of any mineral reserve held by a single country can vary slightly depending on the source and the year of data collection. However, based on common geological surveys and resource estimations, India holds a significant portion of the world's iron ore reserves.
According to many reports, India accounts for approximately 20% of the world's total iron-ore reserves. This places India among the leading countries in terms of iron ore wealth.
Analyzing the Options
Let's look at the given options:
- 15%
- 20%
- 25%
- 30%
Based on the widely accepted estimates of India's share in global iron ore reserves, the figure that aligns with these estimates is 20%.
| Country | Approximate Share of World Iron Ore Reserves |
|---|---|
| India | 20% |
| Other Countries (e.g., Australia, Brazil, Russia, China) | Remaining Percentage |
Understanding the distribution of mineral resources like iron ore across the globe is important for studying economic geography and international trade patterns.
Revision Table: Key Iron Ore Facts
| Topic | Detail |
|---|---|
| Mineral | Iron Ore |
| Primary Use | Iron and Steel Production |
| India's Share of World Reserves | Approximately 20% |
| Significance for India | Major mineral resource, contributes to economy |
Additional Information on India's Iron Ore Reserves
India possesses large reserves of high-quality iron ore. The main types of iron ore found in India are:
- Hematite: Found primarily in states like Odisha, Jharkhand, Chhattisgarh, and Karnataka. It is considered high-grade ore with good iron content.
- Magnetite: Found mainly in states like Karnataka, Andhra Pradesh, Rajasthan, and Tamil Nadu. It also has high iron content but requires more processing.
Major iron ore producing states in India include Odisha, Chhattisgarh, Karnataka, Jharkhand, and Goa. The presence of significant iron ore reserves is crucial for India's steel industry and its overall industrial development.
While India has substantial reserves, the global distribution is dominated by countries like Australia, Brazil, Russia, and China, alongside India.
Important Questions from Economics and Central Problems of Economy
Which committee was set up in 1955 to suggest the role of small-scale industries promoting rural development?
In addition to limited availability of resources, what is the other reason which compels every economy to decide on how to use its resources?
Read the following facts about the Indian economy during British rule and select the correct facts:
(A) Commercialisation of agriculture led to production of cash crops which helped British industries back home
(B) Britain maintained a monopoly control over India's exports and imports
(C) Basic infrastructure such as railways, ports, water transport, posts and telegraphs did develop to provide basic amenities to the people
(D) Indian trade was restricted to Britain, China, Russia, and America
(E) India’s economy remained fundamentally agrarian under the British rule
Choose the correct answer from the options given below:
In an economy, the problem of choice arises. Arrange the following in order:
(A) Leads to scarcity of resources
(B) Demands are unlimited
(C) Problem of choice arises
(D) Our resources are limited
Choose the correct answer from the options given below:
The Chairperson of Planning Commission in India is:
