Question : The decline of the cottage industry in India during the colonial period was primarily due to:
Option 1: The introduction of modern machinery
Option 2: The lack of raw materials
Option 3: The competition from British manufactured goods
Option 4: The decrease in domestic demand
Correct Answer: The competition from British manufactured goods
Solution : The decline of the cottage industry in India during the colonial period was primarily due to the competition from British manufactured goods, which were cheaper and mass-produced, leading to the collapse of traditional handicrafts.
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Question : A consequence of economic liberalization in India was:
Option 1: Strengthening of labor unions
Option 2: Increased competition in domestic markets
Option 3: Expansion of the public sector
Option 4: Decrease in foreign direct investment
Question : Which policy aimed to protect domestic industries from foreign competition in India?
Option 1: Import substitution
Option 2: Export promotion
Option 3: Public-private partnership
Option 4: Swadeshi movement
Question : Swachh Toycathon Competition 2022 was launched in India by Ministry of______________.
Option 1: Finance
Option 2: Commerce and Industry
Option 3: Housing and Urban Affairs
Option 4: Culture
Question : What is a key aspect of the India-China relationship in the context of global trade?
Option 1: Joint military ventures
Option 2: Shared cultural programs
Option 3: Competition for natural resources
Option 4: Cooperation in space exploration
Question : The Competition (Amendment) Bill, 2022 belongs to _______ Ministry of India.
Option 1: Tribal Affairs
Option 2: Corporate Affairs
Option 3: Finance
Option 4: Law and Justice
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