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Single Answer MCQ
Q-00001366

How has the liberalization impacted the automobile industry in India?

1

Increased competition, technological advancements, and market expansion

2

Decreased production, limited choices, and reduced quality

3

Higher prices, lower demand, and export restrictions

4

Limited innovation, government control, and import bans

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Sandeep Chaturvedi

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Answer and Solution

Answer

A. Increased competition, technological advancements, and market expansion

Solution:

Liberalization has positively impacted the automobile industry in India by fostering increased competition, encouraging technological advancements, and expanding the market for both domestic and international players. Therefore, the correct answer is 'Increased competition, technological advancements, and market expansion'.

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