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Question
Complete the following statement by choosing the correct alternative :
After Independence, India had adopted________
Options
Socialism
Capitalism
Mixed Economy
Communism
Solution
After Independence, India had adopted - Mixed Economy.
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RELATED QUESTIONS
Complete the following statement by choosing the correct alternative :
At present, the number of industries reserved for the public sector has been reduced to_________
Assertion and Reasoning type of question:
Assertion (A): In 1990-91, India faced an acute shortage of foreign exchange reserves.
Reasoning (R): Import quotas and tariffs led to an increase in imports.
Read the following passage and answer the questions given below:
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The Indian ice cream industry is one of the fastest-growing segments of the dairy and food processing sector. India has a low per capita consumption of ice cream of 400 ml whereas in the USA it is 22,000 ml and in China, it is 3000 ml. The per capita consumption of ice cream is low in India because it is a country filled with traditional sweets of more than 100 varieties. In developed countries, people have either pastries or ice-creams for dessert. In the era of Globalisation, the mindset of the people is fast changing. This is because multi-national companies have set up a number of ice-cream parlours, with a lot more varieties and flavours that attract the younger lot. Besides this, there are better delivery systems. The ice cream sector has great potential for growth in the country due to improvements in the cold chain infrastructure, increasing disposable income, and changing the lifestyle of the people. However, it is taxed higher with 18 percent GST while other dairy products in the same basket such as butter and cheese are taxed at 12 per cent. The ice cream industry has generated revenue of more than $1.5 billion in 2016-17. With the employment of 15 lakh people directly or indirectly, it is also considered one of the largest employers of the dairy and food processing industry. |
- Identify the reason for the low per capita consumption of ice cream in India.
- Explain the impact of Globalisation on the Indian ice cream industry.
- Find out the factors that could lead to the growth of the ice cream industry in India.
- Express your views about the implications of higher GST on the ice cream industry in India.
