Consider the following statements: Statement-I: India’s domestic steel production has decreased. Statement-II: India has adopted stricter environmental regulations and sustainability targets for steel plants. Which one of the following is correct in respect of the above statements? |ForumIAS

Q. Consider the following statements:
Statement-I: India’s domestic steel production has decreased.
Statement-II: India has adopted stricter environmental regulations and sustainability targets for steel plants.
Which one of the following is correct in respect of the above statements?

[A] Both Statement-I and Statement-II are correct and Statement-II is the correct explanation for Statement-I

[B] Both Statement-I and Statement-II are correct and Statement-II is not the correct explanation for Statement-I

[C] Statement-I is correct but Statement-II is incorrect

[D] Statement-I is incorrect but Statement-II is correct

Answer: C

Notes:

Explanations –

Statement-I is correct. India’s domestic steel production has decreased by 8% in the first half of the year.

Statement II is incorrect. India has seen a rise in steel imports, especially from China and Vietnam, which has led to a decrease in demand for locally produced steel. This is because imported steel is cheaper, making it more attractive to Indian manufacturers.

Source: The Hindu

All India Open Test(Simulator X)