The FMCG (Fast-Moving Consumer Goods) and Consumer Durables sectors play a crucial role in driving the economy and consumer behavior. This article, titled FMCG and Consumer Durables Sectors GK MCQs With Answer & Explanation in English, offers a series of multiple-choice questions designed to test and expand your knowledge of these important industries.
Each question is followed by detailed answers and explanations, making this resource perfect for students, professionals, and anyone interested in understanding the dynamics of the FMCG and consumer durables markets. Dive in to explore key concepts and industry insights!
1. What is FDI allowed in Multi brand retail?
- 100%
- 51%
- 49%
- 75%
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Answer: 51%
The Indian Government allows 51% Foreign Direct Investment (FDI) in Multi brand retails. The Government allows 100 percent Foreign Direct Investment (FDI) in food processing and single-brand retail.
2. What is the contribution of FMCG to the GDP of India?
- 15%
- 10%
- 5%
- 20%
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Answer: 10%
The contribution of FMCG to GDP is 10%. It is one of the fastest-growing sectors and the 4th largest sector in India.
3. What is the contribution of FMCG to the employment of India?
- 2%
- 3%
- 12%
- 8%
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Answer: 8%
FMCG contributes 8% to employment in India. It contributes about US$ 83 billion in revenue.
4. Which organisation releases the Business-to-Consumer (B2C) E-commerce Index?
- World Economic Forum
- United Nations Conference on Trade and Development
- NITI Aayog
- None of the above
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Answer: United Nations Conference on Trade and Development
United Nations Conference on Trade and Development releases the Business-to-Consumer (B2C) E-commerce Index 2019. India ranked 73 in it in 2019.
5. What is India’s rank in the retail market size in the world?
- 4
- 5
- 3
- 7
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Answer: 4
The retail industry in India ranks 4th in the world in terms of size and accounts for 10% of the overall GDP of the country.
6. What is India’s rank in the Global Retail Development Index (GRDI)?
- 1
- 3
- 2
- 5
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Answer: 2
India ranked No. 2 in the Global Retail Development Index (GRDI) in 2019. It is released by the consulting firm A.T. Kearney.
7. What is the default room temperature for air conditioners in India?
- 32 deg Celsius
- 22 deg Celsius
- 17 deg Celsius
- 24 deg Celsius
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Answer: 24 deg Celsius
The Bureau of Energy Efficiency (BEE) made it mandatory for all room air conditioners to have a default temperature of 24 degrees Celsius.
8. When was the Central Consumer Protection Authority set up?
- 2017
- 2019
- 2020
- 2018
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Answer: 2019
Central Consumer Protection Authority was set up in 2019 under the Consumer Protection Act, 2019. The headquarters of the Central Consumer Protection Authority are located in New Delhi. It inquires or investigates into matters relating to violations of consumer rights or unfair trade practices.
9. Which country has the largest e-commerce market in the world?
- USA
- China
- India
- Canada
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Answer: China
The top 3 e-commerce markets in the world are: 1. China, 2. USA, 3. UK
10. Which is the largest consumer goods exporting country in the world?
- China
- USA
- Japan
- Germany
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Answer: China
The top 3 consumer goods exporting countries in the world are: 1. China, 2. USA, 3. Germany
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