SSC Economics Sample Paper NCERT Sample Paper-3

  • question_answer
    Consider the following statements:
    1. Indian sugar Industry is suffering from cheap imports, which destabilize the domestic industry.
    2. The Indian sugar industry is suffering from outdated machinery and inefficiency.
    3. The crushing season of sugarcane in the southern India is of greater duration than Northern India. Which of the above statements are correct?

    A)  1, 2, 3 

    B)  2, 3

    C)  1, 2     

    D)  1, 3

    Correct Answer: A

    Solution :

    [a] The sugar industry is clamouring for a sharp increase in import duty to curb cheap imports into the country. Indian Sugar Mills Association (ISMA) has proposed that the import duty be raised from 10% to 60%. India is highly vulnerable to sugar coming from Pakistan through the Wagah border which is at least Rs.5-6 cheaper than the Indian variety.

You need to login to perform this action.
You will be redirected in 3 sec spinner