Economy & Business MCQs

31.

What is a characteristic of the e-commerce market in India?

A Low competition

B Intense competition

C Limited product availability

D Slow adoption of technology

32.

The impact of the COVID-19 pandemic has:

A Reduced the shift towards online shopping

B Accelerated the shift towards online shopping

C Had no significant impact on shopping habits

D Increased reliance on cash transactions

33.

The sustained growth of the e-commerce sector is an indicator of India's:

A Declining digital transformation

B Digital transformation and evolving consumption patterns

C Reduced consumer spending

D Limited market potential

34.

What is a 'D2C' brand in the context of e-commerce?

A A brand that sells only through physical stores

B A brand that sells directly to consumers online

C A brand that relies heavily on intermediaries

D A brand focused on wholesale distribution

35.

What is a key focus for many e-commerce players in terms of market expansion?

A Consolidating presence in major metros

B Expanding reach to Tier 2 and Tier 3 cities

C Reducing their online presence

D Focusing only on international markets

36.

Government initiatives promoting digital literacy contribute to:

A Decreased online shopping

B Increased consumer trust in online platforms

C Reduced internet access

D Higher transaction costs

37.

Which payment innovations have made online transactions more convenient?

A Cash on delivery only

B UPI and buy-now-pay-later (BNPL) options

C Cheques and demand drafts

D Barter systems

38.

What have e-commerce companies invested in to improve customer experience?

A Reducing delivery times

B Logistics and supply chain infrastructure

C Increasing product prices

D Limiting payment options

39.

Which of the following product categories has seen a shift towards online shopping?

A Only luxury goods

B A wide range of products, including groceries and electronics

C Only essential services

D Only digital products

40.

What are the primary drivers of the e-commerce sector's growth in India?

A Decreased internet penetration and smartphone usage

B Increasing internet penetration, smartphone usage, and consumer trust

C Limited product variety and slow delivery

D High transaction costs and complex payment systems