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Question

Why were a number of steel plants initially set up in the public sector?

A
Steel mills yield quick returns by way of profits
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B
Steel plants offer great employment opportunities
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C
Steel is a basic to industrial development
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D
Steel production is necessary for country's defence needs
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Solution

The correct option is C Steel is a basic to industrial development
Iron and steel is a basic industry and forms the backbone of industrial development in any country. It provides raw material for making machinery, electrical machinery, defence equipment, railway tracks, railways engines, bridges, dams, shops, automobiles, houses and a host of other industrial and consumer goods.

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