Q. Consider the following statements:
1.The toy industry in India is highly fragmented.
2.The import of toys into India has sharply increased in the recent years.
3.India has huge consumer base for toys..
Select the correct statements using the codes given below:

[A] 1 only

[B] 1 and 2 only

[C] 1 and 3 only

[D] 2 only

Answer: C
Notes:

Explanation –

Statement 1 and 3 are correct. The toy industry in India is highly fragmented and dominated by local producers. India has huge consumer base for toys.

Statement 2 is incorrect. According to the Ministry of Commerce & Industry, the import of toys into India has declined sharply from US$ 304 million in 2018-19 to US$ 36 million in 2021-22.

Source: ForumIAS