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Question
Effect of Chinese toys on Indian toy market is ______.
Options
no effect
making profit
suffering from losses
none of these
MCQ
Fill in the Blanks
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Solution
Effect of Chinese toys on Indian toy market is suffering from losses.
Explanation:
Cheap Chinese toys, aided by liberalisation and free trade, flood the Indian market, intensifying competition. Domestic toy-makers, especially small producers, lose market share and incur losses unless protected by import duties, quotas, or supportive policies.
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