📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    Question

    What is the primary objective of the Steel Import

    Monitoring System (SIMS) 2.0 portal launched by the Ministry of Steel?
    A To increase the volume of steel imports to India Correct Answer Incorrect Answer
    B To provide real-time updates on global steel prices Correct Answer Incorrect Answer
    C To promote domestic steel industry growth and self-sufficiency in steel production Correct Answer Incorrect Answer
    D To streamline the export of Indian steel to other countries Correct Answer Incorrect Answer
    E To facilitate the privatization of public sector steel companies Correct Answer Incorrect Answer

    Solution

    The Steel Import Monitoring System (SIMS) 2.0 portal, launched by H.D. Kumaraswamy, Union Minister of Steel and Heavy Industries, aims to promote domestic steel industry growth and self-sufficiency in steel production. The portal provides detailed steel import data, integrating with multiple government portals for improved quality control and risk management. This initiative aligns with the broader goal of Atmanirbhar Bharat, emphasizing self-reliance and reduced dependency on imports. SIMS 2.0 offers actionable intelligence for effective decision-making and strategic planning, which is crucial for enhancing domestic production capabilities and reducing significant steel imports. Additionally, the Minister released the second volume of “Safety Guidelines for Iron of Steel Sector”, aimed at enhancing safety standards and productivity in the industry.

    Practice Next
    More Beepedia Questions
    ask-question