Multiple choice

Post liberalisation, the Indian private sector has successfully confronted the foreign competition (Chinese) by dint of following measures. (a) Curtailing cost of production (b) Product innovations (c) Technology upgradation (d) Low labour costs

Which of the above is/are not true?

  1. Only (a)

  2. Only (b)

  3. Both (c) and (d)

  4. None of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Inspite of a threat of cheaper Chinese imports, Indian private sector confronted the challenge by adopting certain measures viz. revamping management, cutting labour cost and reliance on technology and innovations in product designing.

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