Question

Assertion (A): The iron and steel industry is known as the ‘Basic Industry’ or ‘Key Industry’.

Reason (R): There is not much income from it.

Options

• Both (A) and (R) are true and (R) is the correct explanation of (A).

• Both (A) and (R) are true but (R) is not the correct explanation of (A).

• (A) is true but (R) is false.

• (A) is false but (R) is true.

Answer 1

(A) is true but (R) is false.

Explanation:

The iron and steel industry is known as a basic industry since its products are necessary raw materials for practically all other manufacturing, construction, and engineering industries. However, the reason is completely false, as this heavy industry provides vast economic output and substantial revenue globally.