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Single Answer MCQ
Q-00045558

What was one effect of increased foreign trade in the toy industry?

1

Complete elimination of Indian manufacturers

2

Increased import duties

3

Greater price competition and consumer choice

4

Higher production costs

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Sandeep Chaturvedi

Sandeep Chaturvedi

CBSE Social Science & Humanities Reviewer

Social science and humanities educator with 14+ years of experience reviewing CBSE SST, economics, commerce, arts, and vocational content.

M.A. HistoryM.A. Political ScienceB.Ed.

Answer and Solution

Answer

C. Greater price competition and consumer choice

Solution:

Increased foreign trade in the toy industry resulted in greater price competition and expanded consumer choice as cheaper alternatives became available.

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