Topics:
CH-3: LIBERALISATION, PRIVATISATION AND GLOBALISATION: AN APPRAISAL, Indian Economic Development, NCERT Books
Siricilla Tragedy
The Siricilla tragedy involving 50 powerloom workers was related to:
- Flood damage to textile mills
- Power sector reforms leading to steep rise in power tariff affecting small industries — Correct Answer
- Agricultural crop failure
- Banking sector collapse
Explanation:
Correct Answer Explanation
Power sector reforms led to steep rise in power tariff and withdrawal of subsidised electricity, affecting small industries like powerloom textile industry in Andhra Pradesh.
Key Points:
- Powerloom workers' wages are linked to production of cloth.
- Power cut meant cut in wages of weavers.
- 50 workers committed suicide in Siricilla, Andhra Pradesh.
📚 About this Topic — CH-3: LIBERALISATION, PRIVATISATION AND GLOBALISATION: AN APPRAISAL
This multiple choice question is from CH-3: LIBERALISATION, PRIVATISATION AND GLOBALISATION: AN APPRAISAL, Indian Economic Development, NCERT Books. It has 4 options with a detailed explanation of the correct answer. Practice more MCQs from CH-3: LIBERALISATION, PRIVATISATION AND GLOBALISATION: AN APPRAISAL to strengthen your preparation.
