Question

26. Ravi did not expect that he would have to face a crisis in such a short period of his life as industrialist. Ravi

took a loan from the bank to start his own company producing capacitors in 1992 in Hosur, an industrial

town in Tamil Nadu. Capacitors are used in many electronic home appliances including tube lights,

television etc. Within three years, he was able to expand production and had 20 workers working under

him. His struggle to run his company started when the government removed restrictions on imports of

capacitors as per its agreement at WTO in 2001. His main clients, the television companies, used to buy

different components including capacitors in bulk for the manufacture of television sets. However,

competition from the MNC brands forced the Indian television companies to move into assembling

activities for MNCs. Even when some of them bought capacitors, they would prefer to import as the price

of the imported item was half the price charged by people like Ravi. Ravi now produces less than half the

capacitors that he produced in the year 2000 and has only seven workers working for him. Many of Ravi’s

friends in the same business in Hyderabad and Chennai have closed their units.

26. 1 According to the passage, when did Ravi’s struggle to run his company start?

(A) When he started to produce less than half the capacitors that he produced earlier

(B) When the government removed barriers on imports

(C) When Indian television companies moved to assembling.

(D) When people preferred to import products.

26.2 Who among the following has been hit hard by globalisation

(A) Consumers

(B) Multinational companies

(C) Large manufacturers

(D) Small producers

26.3 Globalisation had led to improvement in living conditions due to ________

(A) increase choice of goods at cheap prices.

(B) flexible labour laws

(C) free trade

(D) None of these

26.4. The passage given above relates to which of the following options

(A) Competition and uncertain employment

(B) Steps to attract foreign investment

(C) Small producers: Compete or Perish

(D) Technology

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Answer 1

Answer:

free trade in India will improve the people high thinking so that they have a good life