Economy & Industries — Set 12

Correct Answer: B. Bharuch

Dahej Port and Special Economic Zone are located in Bharuch district of Gujarat. Dahej is home to India's first LPG import terminal. The Dahej SEZ has large chemical, petrochemical and fertilizer plants. Petronet LNG's Dahej terminal is one of the largest LNG terminals in India.

Correct Answer: B. India's only International Financial Services Centre (IFSC)

GIFT City (Gujarat International Finance Tec-City) is India's only operational International Financial Services Centre (IFSC). It enables foreign currency transactions, offshore banking, international insurance and capital market operations. NSE and BSE operate international exchanges here. It competes with Dubai, Singapore and Hong Kong as a financial hub.

Correct Answer: B. USA, Europe and emerging markets worldwide

Gujarat's pharmaceutical industry exports primarily to USA, Europe and emerging markets worldwide. Companies like Sun Pharma, Torrent, Alembic and Zydus have global export operations. Gujarat accounts for over one-third of India's total pharmaceutical exports. Ahmedabad and Vadodara are the main pharma hubs in Gujarat.

Correct Answer: C. Essar Steel (now ArcelorMittal Nippon)

Essar Steel (now ArcelorMittal Nippon Steel India) is located at Hazira, Surat. It is one of the largest integrated steel plants in India. Hazira also has ONGC's gas processing facilities and Shell's LNG terminal. The Hazira SEZ is a major industrial hub in south Gujarat.

Correct Answer: C. Thermal (natural gas)

Dhuvaran Power Station in Anand district is a natural gas-based thermal power plant. It is operated by Gujarat State Electricity Corporation (GSECL). Dhuvaran was one of Gujarat's earliest gas-based power plants. Gujarat has a diverse energy mix including thermal, nuclear, solar and wind power.

Correct Answer: B. Patola silk saree

Patan Patola, a double-ikat silk saree, has a Geographical Indication (GI) tag and is exclusively produced in Patan, Gujarat. It takes 4-6 months to weave a single saree. Only the Salvi family is the custodian of this traditional weaving technique. Patan Patola sarees can cost several lakhs of rupees and are highly prized internationally.

Correct Answer: C. 163 metres

The Sardar Sarovar Dam is approximately 163 metres (535 feet) tall, making it one of the world's tallest concrete gravity dams. It generates 1,450 MW of hydroelectric power. The dam provides irrigation water to over 1.8 million hectares of farmland in Gujarat, Madhya Pradesh, Maharashtra and Rajasthan. It has been a major source of water supply to Saurashtra through the SAUNI Yojana.

Correct Answer: B. India's largest fishing harbour

Veraval in Gir Somnath district is India's largest fishing harbour. It is the hub of Gujarat's marine fish processing and export industry. Veraval exports shrimp, fish meal and other marine products worldwide. It is also the gateway to Somnath temple which draws pilgrims year-round.

Correct Answer: C. 15-20%

Gujarat contributes approximately 15-20% of India's total exports. The state's major exports include diamonds, chemicals, petrochemicals, textiles and engineering goods. Mundra and Kandla ports handle enormous export cargo. Gujarat consistently ranks among the top export states in India.

Correct Answer: A. 10th

Vibrant Gujarat Global Investors Summit 2024 held in January 2024 was its 10th edition. Since its inception in 2003, the summit has grown into one of Asia's largest business gatherings. The 2024 summit saw investment commitments worth several lakh crore rupees. Gujarat uses the summit to showcase its industrial infrastructure and investor-friendly policies.