Chinese manufacturers learn of an opportunity to export toys to India, where toys are sold at a high price. They start exporting plastic toys to India. Buyers in India now have the option of choosing between Indian and the Chinese toys. Because of the cheaper prices and new designs, Chinese toys become more popular in the Indian markets. Within a year, 70 to 80 per cent of the toy shops have replaced Indian toys with Chinese toys. Toys are now cheaper in the Indian markets than earlier. What is happening here? As a result of trade, Chinese toys come into the Indian markets. In the competition between Indian and Chinese toys, Chinese toys prove better. Indian buyers have a greater choice of toys and at lower prices. For the Chinese toy makers, this provides an opportunity to expand business. The opposite is true for Indian toy makers. They face losses, as their toys are selling much less.
26.1. The passage given above relates to which of the following options? A. Interlinking of production
B. Foreign trade and integration of markets
C. Interconnection of countries
D. Economic condition of India and China
26.2 Foreign trade shall result in-
A. lesser competition among producers.
B. greater competition among producers.
C. no change in competition among producers.
26.3 Indian government can help Indian toys makers by
A. Providing technical help
B. Help them to export their toys
C. Increasing tax on import of Chinese toys
D. Expanding their market
26.4 How are Indian buyers benefitted by the competition?
A. More choice in designs at cheaper rates
B. Cheap rate
C. More designs in market
D. They can have imported toys for their children
Answers
Answer:
Chinese manufacturers learn of an opportunity to export toys to India, where toys are sold at a high price. They start exporting plastic toys to India. Buyers in India now have the option of choosing between Indian and the Chinese toys. Because of the cheaper prices and new designs, Chinese toys become more popular in the Indian markets. Within a year, 70 to 80 per cent of the toy shops have replaced Indian toys with Chinese toys. Toys are now cheaper in the Indian markets than earlier. What is happening here? As a result of trade, Chinese toys come into the Indian markets. In the competition between Indian and Chinese toys, Chinese toys prove better. Indian buyers have a greater choice of toys and at lower prices. For the Chinese toy makers, this provides an opportunity to expand business. The opposite is true for Indian toy makers. They face losses, as their toys are selling much less.
26.1. The passage given above relates to which of the following options? A. Interlinking of production
B. Foreign trade and integration of markets
C. Interconnection of countries
D. Economic condition of India and China
26.2 Foreign trade shall result in-
A. lesser competition among producers.
B. greater competition among producers.
C. no change in competition among producers.
26.3 Indian government can help Indian toys makers by
A. Providing technical help
B. Help them to export their toys
C. Increasing tax on import of Chinese toys
D. Expanding their market
26.4 How are Indian buyers benefitted by the competition?
A. More choice in designs at cheaper rates
B. Cheap rate
C. More designs in market
D. They can have imported toys for their childrenChinese manufacturers learn of an opportunity to export toys to India, where toys are sold at a high price. They start exporting plastic toys to India. Buyers in India now have the option of choosing between Indian and the Chinese toys. Because of the cheaper prices and new designs, Chinese toys become more popular in the Indian markets. Within a year, 70 to 80 per cent of the toy shops have replaced Indian toys with Chinese toys. Toys are now cheaper in the Indian markets than earlier. What is happening here? As a result of trade, Chinese toys come into the Indian markets. In the competition between Indian and Chinese toys, Chinese toys prove better. Indian buyers have a greater choice of toys and at lower prices. For the Chinese toy makers, this provides an opportunity to expand business. The opposite is true for Indian toy makers. They face losses, as their toys are selling much less.
26.1. The passage given above relates to which of the following options? A. Interlinking of production
B. Foreign trade and integration of markets
C. Interconnection of countries
D. Economic condition of India and China
26.2 Foreign trade shall result in-
A. lesser competition among producers.
B. greater competition among producers.
C. no change in competition among producers.
26.3 Indian government can help Indian toys makers by
A. Providing technical help
B. Help them to export their toys
C. Increasing tax on import of Chinese toys
D. Expanding their market
26.4 How are Indian buyers benefitted by the competition?
A. More choice in designs at cheaper rates
B. Cheap rate
C. More designs in market
D. They can have imported toys for their children
Answer:
Explanation:
kkkkkk