Economics · Economy
Consider the following statements regarding the structural shift in Bihar's industrial economy: I. Bihar's industrial base structurally collapsed after the state's division in the year 2000 because the mineral-rich areas were retained by Jharkhand. II. Following the loss of mineral resources, Bihar's industrial sector shifted its primary focus towards labour-intensive, agro-based, and Micro, Small, and Medium Enterprises (MSMEs). III. Due to the rapid expansion of MSMEs, the industrial contribution to Bihar's Gross State Domestic Product (GSDP) has currently reached an all-time high of approximately 45 percent. Which of the statements given above is/are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1All I, II, and III
- 2Only I and II✓
- 3Only II
- 4Only I and III
Correct answer
Only I and II
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