Multiple Choice Questions on Consider the following statements India rsquo s toy market is import dependent for fulfillment of ma........... for UPSC Civil Services Examination (General Studies) Preparation

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Multiple Choice Questions

Consider the following statements India rsquo s toy market is import dependent for fulfillment of ma...........

Economic Affairs Make in India
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    Consider the following statements

    1. India’s toy market is import dependent for fulfillment of majority of the domestic demand.
    2. Toycathon 2021 is aimed to conceptualize innovative toys based on the Indian value system.

    Select the correct statement.

    1 only

    Incorrect Answer

    2 only

    Incorrect Answer

    Both

    Correct Answer

    None

    Incorrect Answer
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    Explanation:

    The size of toy market in India is about one billion USD but unfortunately 80% of the toys are imported.

    • Ministry of Education, Ministry of Women and Child Development (MWCD), Ministry of Textile, Ministry of Commerce and Industries, Ministry of MSME, Ministry of I&B and All India Council for Technical Education (AICTE) have jointly launched Toycathon-2021.
    • This is a special kind of hackathon where students and teachers from schools and colleges, design experts, toy experts and startups will get together to crowd source ideas for developing toys and games that are based on Indian culture and ethos, local folklore and heroes, and Indian value systems.

    Hence both statements are correct.

    By: Shubham Tiwari
    ProfileResources

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