GK
INDIAN ECONOMY
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
If tax is imposed on Chinese toys, what will happen?
|
|
Chinese toy-makers will benefit
|
|
|
Indian toy-makers will prosper
|
|
|
Chinese toys will remain cheap
|
|
|
Indian consumers will buy more Chinese toys
|
Explanation:
Detailed explanation-1: -The cost of Chinese toys will increase. Less Chinese toys would come in the Indian market. Indian buyers would have lesser choice in the market and toys will become more expensive.
Detailed explanation-2: -Answer. Due to coming of Chinese toys in India, toy manufacturers of India perished. Chinese toys offered consumers toys at lower prices, due to which small-sclae producers in India perished.
There is 1 question to complete.