Class 12 Exam  >  Class 12 Questions  >  There is a controversy raging over the entry ... Start Learning for Free
There is a controversy raging over the entry of giants such as Tesco and Wal-Mart into India after the government last week permitted foreign direct investment (FDI) in multi-brand retail. Most economic analysts look at it in terms of capital coming into India to oust local shopkeepers or in terms of capital coming in to offer better prices to farmers or set up distribution chains and storage facilities to help consumers. These arguments seem a little old. There is a technological dimension to this that may reveal that it is India that is behind the competitive edge of big retail chains.
In 2009, Wal-Mart picked Bangalore-based Infosys Technologies and India-centric Cognizant among three information technology service vendors for a $600 million multi-year contract. Finance is now easily available for retail companies from banks and equity markets. What sets the real smart retail giants apart is their ability to leverage software and IT to keep their competitive edge.
Supply chain software can help lower costs by managing inventories. Data analytics and customer relations software can help them identify the more lucrative customers or choose discount strategies. Partners, employees and vendors of retail giants are now connected by software. Indian talent figures in all this.
Infosys was an early adapter of Wal-Mart’s move to go in for radio-frequency identification (RFID) tags that helps the retail chain track inventories at low cost. Last year, Wal-Mart also acquired Kosmix, a cutting-edge search engine, founded by Indian-born Venky Harinarayan and Anand Rajaraman (who earlier co-founded Junglee.com that Amazon acquired). Now Kosmix is a part of WalMart Labs. Its technology filters and aggregates information by topic from Twitter messages and the larger Web in real time. This is a new way to interact with shoppers.
Tesco now owes its edge to its Bangalore IT facility called the “Hindustan Service Centre”. The British retail chain says 6,000-employee-strong HSC’s strategic initiatives cover the “IT, business, financial, commercial and property aspects.” In Bangalore, Indian techies develop tools like mobile applications for Tesco.
Q. From the passage, it can be assumed that the author’s views on FDI in multi-brand retail are
  • a)
    in favour of the government taking more measures to protect the interests of local shopkeepers.
  • b)
    in fav our but based on the condition the FDI will not adversely affect local shopkeepers.
  • c)
    that India has an important role in giving the retail giants a competitive edge.
  • d)
    against the use of foreign investment in the retail sector.
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
There is a controversy raging over the entry of giants such as Tesco a...
In the sentence “There is a technological...of big retail chains.” the author highlights that India has played an important role in giving the retail giants a competitive edge. Option (c) is the answer. Options (a) and (b) are incorrect because they place importance on the interests of the local shopkeepers whereas the author does not highlight this in the passage. Option (d) is incorrect because it goes against the information in the passage and the stand that the author takes in the first paragraph.
Explore Courses for Class 12 exam

Similar Class 12 Doubts

There is a controversy raging over the entry of giants such as Tesco and Wal-Mart into India after the government last week permitted foreign direct investment (FDI) in multi-brand retail. Most economic analysts look at it in terms of capital coming into India to oust local shopkeepers or in terms of capital coming in to offer better prices to farmers or set up distribution chains and storage facilities to help consumers. These arguments seem a little old. There is a technological dimension to this that may reveal that it is India that is behind the competitive edge of big retail chains.In 2009, Wal-Mart picked Bangalore-based Infosys Technologies and India-centric Cognizant among three information technology service vendors for a $600 million multi-year contract. Finance is now easily available for retail companies from banks and equity markets. What sets the real smart retail giants apart is their ability to leverage software and IT to keep their competitive edge.Supply chain software can help lower costs by managing inventories. Data analytics and customer relations software can help them identify the more lucrative customers or choose discount strategies. Partners, employees and vendors of retail giants are now connected by software. Indian talent figures in all this.Infosys was an early adapter of Wal-Mart’s move to go in for radio-frequency identification (RFID) tags that helps the retail chain track inventories at low cost. Last year, Wal-Mart also acquired Kosmix, a cutting-edge search engine, founded by Indian-born Venky Harinarayan and Anand Rajaraman (who earlier co-founded Junglee.com that Amazon acquire d). Now Kosmix is a part of WalMart Labs. Its technology filters and aggregates information by topic from Twitter messages and the larger Web in real time. This is a new way to interact with shoppers.Tesco now owes its edge to its Bangalore IT facility called the “Hindustan Service Centre”. The British retail chain says 6,000-employee-strong HSC’s strategic initiatives cover the “IT, business, financial, commercial and property aspects.” In Bangalore, Indian techies develop tools like mobile applications for Tesco.Q. Which of the following options best explains the purpose of the last four paragraphs?

There is a controversy raging over the entry of giants such as Tesco and Wal-Mart into India after the government last week permitted foreign direct investment (FDI) in multi-brand retail. Most economic analysts look at it in terms of capital coming into India to oust local shopkeepers or in terms of capital coming in to offer better prices to farmers or set up distribution chains and storage facilities to help consumers. These arguments seem a little old. There is a technological dimension to this that may reveal that it is India that is behind the competitive edge of big retail chains.In 2009, Wal-Mart picked Bangalore-based Infosys Technologies and India-centric Cognizant among three information technology service vendors for a $600 million multi-year contract. Finance is now easily available for retail companies from banks and equity markets. What sets the real smart retail giants apart is their ability to leverage software and IT to keep their competitive edge.Supply chain software can help lower costs by managing inventories. Data analytics and customer relations software can help them identify the more lucrative customers or choose discount strategies. Partners, employees and vendors of retail giants are now connected by software. Indian talent figures in all this.Infosys was an early adapter of Wal-Mart’s move to go in for radio-frequency identification (RFID) tags that helps the retail chain track inventories at low cost. Last year, Wal-Mart also acquired Kosmix, a cutting-edge search engine, founded by Indian-born Venky Harinarayan and Anand Rajaraman (who earlier co-founded Junglee.com that Amazon acquire d). Now Kosmix is a part of WalMart Labs. Its technology filters and aggregates information by topic from Twitter messages and the larger Web in real time. This is a new way to interact with shoppers.Tesco now owes its edge to its Bangalore IT facility called the “Hindustan Service Centre”. The British retail chain says 6,000-employee-strong HSC’s strategic initiatives cover the “IT, business, financial, commercial and property aspects.” In Bangalore, Indian techies develop tools like mobile applications for Tesco.Q. According to the passage, which of the following are the essential elements in the success of retail giants? The use of technology to maintain an advantage over others. Sales and marketing strategies based on an analysis of customer data. Maintenance of large inventories to bring the benefits of low cost to the customer.Select the correct answer using the code given below.

There is a controversy raging over the entry of giants such as Tesco and Wal-Mart into India after the government last week permitted foreign direct investment (FDI) in multi-brand retail. Most economic analysts look at it in terms of capital coming into India to oust local shopkeepers or in terms of capital coming in to offer better prices to farmers or set up distribution chains and storage facilities to help consumers. These arguments seem a little old. There is a technological dimension to this that may reveal that it is India that is behind the competitive edge of big retail chains.In 2009, Wal-Mart picked Bangalore-based Infosys Technologies and India-centric Cognizant among three information technology service vendors for a $600 million multi-year contract. Finance is now easily available for retail companies from banks and equity markets. What sets the real smart retail giants apart is their ability to leverage software and IT to keep their competitive edge.Supply chain software can help lower costs by managing inventories. Data analytics and customer relations software can help them identify the more lucrative customers or choose discount strategies. Partners, employees and vendors of retail giants are now connected by software. Indian talent figures in all this.Infosys was an early adapter of Wal-Mart’s move to go in for radio-frequency identification (RFID) tags that helps the retail chain track inventories at low cost. Last year, Wal-Mart also acquired Kosmix, a cutting-edge search engine, founded by Indian-born Venky Harinarayan and Anand Rajaraman (who earlier co-founded Junglee.com that Amazon acquire d). Now Kosmix is a part of WalMart Labs. Its technology filters and aggregates information by topic from Twitter messages and the larger Web in real time. This is a new way to interact with shoppers.Tesco now owes its edge to its Bangalore IT facility called the “Hindustan Service Centre”. The British retail chain says 6,000-employee-strong HSC’s strategic initiatives cover the “IT, business, financial, commercial and property aspects.” In Bangalore, Indian techies develop tools like mobile applications for Tesco.Q. Consider the following statements. Wal-Mart picked Infosys Technologies in 2008. Retail companies procure finance from banks and equity markets.According to the above passage, which of the statements is/are valid?

There is a controversy raging over the entry of giants such as Tesco and Wal-Mart into India after the government last week permitted foreign direct investment (FDI) in multi-brand retail. Most economic analysts look at it in terms of capital coming into India to oust local shopkeepers or in terms of capital coming in to offer better prices to farmers or set up distribution chains and storage facilities to help consumers. These arguments seem a little old. There is a technological dimension to this that may reveal that it is India that is behind the competitive edge of big retail chains.In 2009, Wal-Mart picked Bangalore-based Infosys Technologies and India-centric Cognizant among three information technology service vendors for a $600 million multi-year contract. Finance is now easily available for retail companies from banks and equity markets. What sets the real smart retail giants apart is their ability to leverage software and IT to keep their competitive edge.Supply chain software can help lower costs by managing inventories. Data analytics and customer relations software can help them identify the more lucrative customers or choose discount strategies. Partners, employees and vendors of retail giants are now connected by software. Indian talent figures in all this.Infosys was an early adapter of Wal-Mart’s move to go in for radio-frequency identification (RFID) tags that helps the retail chain track inventories at low cost. Last year, Wal-Mart also acquired Kosmix, a cutting-edge search engine, founded by Indian-born Venky Harinarayan and Anand Rajaraman (who earlier co-founded Junglee.com that Amazon acquire d). Now Kosmix is a part of WalMart Labs. Its technology filters and aggregates information by topic from Twitter messages and the larger Web in real time. This is a new way to interact with shoppers.Tesco now owes its edge to its Bangalore IT facility called the “Hindustan Service Centre”. The British retail chain says 6,000-employee-strong HSC’s strategic initiatives cover the “IT, business, financial, commercial and property aspects.” In Bangalore, Indian techies develop tools like mobile applications for Tesco.Q. Consider the following statements. Anand Rajaraman was a manager of Junglee.com Last year, Wal-Mart was bought by Kosmix.According to the above passage, which of the statements is/are valid?

There is a controversy raging over the entry of giants such as Tesco and Wal-Mart into India after the government last week permitted foreign direct investment (FDI) in multi-brand retail. Most economic analysts look at it in terms of capital coming into India to oust local shopkeepers or in terms of capital coming in to offer better prices to farmers or set up distribution chains and storage facilities to help consumers. These arguments seem a little old. There is a technological dimension to this that may reveal that it is India that is behind the competitive edge of big retail chains.In 2009, Wal-Mart picked Bangalore-based Infosys Technologies and India-centric Cognizant among three information technology service vendors for a $600 million multi-year contract. Finance is now easily available for retail companies from banks and equity markets. What sets the real smart retail giants apart is their ability to leverage software and IT to keep their competitive edge.Supply chain software can help lower costs by managing inventories. Data analytics and customer relations software can help them identify the more lucrative customers or choose discount strategies. Partners, employees and vendors of retail giants are now connected by software. Indian talent figures in all this.Infosys was an early adapter of Wal-Mart’s move to go in for radio-frequency identification (RFID) tags that helps the retail chain track inventories at low cost. Last year, Wal-Mart also acquired Kosmix, a cutting-edge search engine, founded by Indian-born Venky Harinarayan and Anand Rajaraman (who earlier co-founded Junglee.com that Amazon acquired). Now Kosmix is a part of WalMart Labs. Its technology filters and aggregates information by topic from Twitter messages and the larger Web in real time. This is a new way to interact with shoppers.Tesco now owes its edge to its Bangalore IT facility called the “Hindustan Service Centre”. The British retail chain says 6,000-employee-strong HSC’s strategic initiatives cover the “IT, business, financial, commercial and property aspects.” In Bangalore, Indian techies develop tools like mobile applications for Tesco.Q. From the passage, it can be assumed that the author’s views on FDI in multi-brand retail area)in favour of the government taking more measures to protect the interests of local shopkeepers.b)in fav our but based on the condition the FDI will not adversely affect local shopkeepers.c)that India has an important role in giving the retail giants a competitive edge.d)against the use of foreign investment in the retail sector.Correct answer is option 'C'. Can you explain this answer?
Question Description
There is a controversy raging over the entry of giants such as Tesco and Wal-Mart into India after the government last week permitted foreign direct investment (FDI) in multi-brand retail. Most economic analysts look at it in terms of capital coming into India to oust local shopkeepers or in terms of capital coming in to offer better prices to farmers or set up distribution chains and storage facilities to help consumers. These arguments seem a little old. There is a technological dimension to this that may reveal that it is India that is behind the competitive edge of big retail chains.In 2009, Wal-Mart picked Bangalore-based Infosys Technologies and India-centric Cognizant among three information technology service vendors for a $600 million multi-year contract. Finance is now easily available for retail companies from banks and equity markets. What sets the real smart retail giants apart is their ability to leverage software and IT to keep their competitive edge.Supply chain software can help lower costs by managing inventories. Data analytics and customer relations software can help them identify the more lucrative customers or choose discount strategies. Partners, employees and vendors of retail giants are now connected by software. Indian talent figures in all this.Infosys was an early adapter of Wal-Mart’s move to go in for radio-frequency identification (RFID) tags that helps the retail chain track inventories at low cost. Last year, Wal-Mart also acquired Kosmix, a cutting-edge search engine, founded by Indian-born Venky Harinarayan and Anand Rajaraman (who earlier co-founded Junglee.com that Amazon acquired). Now Kosmix is a part of WalMart Labs. Its technology filters and aggregates information by topic from Twitter messages and the larger Web in real time. This is a new way to interact with shoppers.Tesco now owes its edge to its Bangalore IT facility called the “Hindustan Service Centre”. The British retail chain says 6,000-employee-strong HSC’s strategic initiatives cover the “IT, business, financial, commercial and property aspects.” In Bangalore, Indian techies develop tools like mobile applications for Tesco.Q. From the passage, it can be assumed that the author’s views on FDI in multi-brand retail area)in favour of the government taking more measures to protect the interests of local shopkeepers.b)in fav our but based on the condition the FDI will not adversely affect local shopkeepers.c)that India has an important role in giving the retail giants a competitive edge.d)against the use of foreign investment in the retail sector.Correct answer is option 'C'. Can you explain this answer? for Class 12 2024 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about There is a controversy raging over the entry of giants such as Tesco and Wal-Mart into India after the government last week permitted foreign direct investment (FDI) in multi-brand retail. Most economic analysts look at it in terms of capital coming into India to oust local shopkeepers or in terms of capital coming in to offer better prices to farmers or set up distribution chains and storage facilities to help consumers. These arguments seem a little old. There is a technological dimension to this that may reveal that it is India that is behind the competitive edge of big retail chains.In 2009, Wal-Mart picked Bangalore-based Infosys Technologies and India-centric Cognizant among three information technology service vendors for a $600 million multi-year contract. Finance is now easily available for retail companies from banks and equity markets. What sets the real smart retail giants apart is their ability to leverage software and IT to keep their competitive edge.Supply chain software can help lower costs by managing inventories. Data analytics and customer relations software can help them identify the more lucrative customers or choose discount strategies. Partners, employees and vendors of retail giants are now connected by software. Indian talent figures in all this.Infosys was an early adapter of Wal-Mart’s move to go in for radio-frequency identification (RFID) tags that helps the retail chain track inventories at low cost. Last year, Wal-Mart also acquired Kosmix, a cutting-edge search engine, founded by Indian-born Venky Harinarayan and Anand Rajaraman (who earlier co-founded Junglee.com that Amazon acquired). Now Kosmix is a part of WalMart Labs. Its technology filters and aggregates information by topic from Twitter messages and the larger Web in real time. This is a new way to interact with shoppers.Tesco now owes its edge to its Bangalore IT facility called the “Hindustan Service Centre”. The British retail chain says 6,000-employee-strong HSC’s strategic initiatives cover the “IT, business, financial, commercial and property aspects.” In Bangalore, Indian techies develop tools like mobile applications for Tesco.Q. From the passage, it can be assumed that the author’s views on FDI in multi-brand retail area)in favour of the government taking more measures to protect the interests of local shopkeepers.b)in fav our but based on the condition the FDI will not adversely affect local shopkeepers.c)that India has an important role in giving the retail giants a competitive edge.d)against the use of foreign investment in the retail sector.Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for Class 12 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for There is a controversy raging over the entry of giants such as Tesco and Wal-Mart into India after the government last week permitted foreign direct investment (FDI) in multi-brand retail. Most economic analysts look at it in terms of capital coming into India to oust local shopkeepers or in terms of capital coming in to offer better prices to farmers or set up distribution chains and storage facilities to help consumers. These arguments seem a little old. There is a technological dimension to this that may reveal that it is India that is behind the competitive edge of big retail chains.In 2009, Wal-Mart picked Bangalore-based Infosys Technologies and India-centric Cognizant among three information technology service vendors for a $600 million multi-year contract. Finance is now easily available for retail companies from banks and equity markets. What sets the real smart retail giants apart is their ability to leverage software and IT to keep their competitive edge.Supply chain software can help lower costs by managing inventories. Data analytics and customer relations software can help them identify the more lucrative customers or choose discount strategies. Partners, employees and vendors of retail giants are now connected by software. Indian talent figures in all this.Infosys was an early adapter of Wal-Mart’s move to go in for radio-frequency identification (RFID) tags that helps the retail chain track inventories at low cost. Last year, Wal-Mart also acquired Kosmix, a cutting-edge search engine, founded by Indian-born Venky Harinarayan and Anand Rajaraman (who earlier co-founded Junglee.com that Amazon acquired). Now Kosmix is a part of WalMart Labs. Its technology filters and aggregates information by topic from Twitter messages and the larger Web in real time. This is a new way to interact with shoppers.Tesco now owes its edge to its Bangalore IT facility called the “Hindustan Service Centre”. The British retail chain says 6,000-employee-strong HSC’s strategic initiatives cover the “IT, business, financial, commercial and property aspects.” In Bangalore, Indian techies develop tools like mobile applications for Tesco.Q. From the passage, it can be assumed that the author’s views on FDI in multi-brand retail area)in favour of the government taking more measures to protect the interests of local shopkeepers.b)in fav our but based on the condition the FDI will not adversely affect local shopkeepers.c)that India has an important role in giving the retail giants a competitive edge.d)against the use of foreign investment in the retail sector.Correct answer is option 'C'. Can you explain this answer?.
Solutions for There is a controversy raging over the entry of giants such as Tesco and Wal-Mart into India after the government last week permitted foreign direct investment (FDI) in multi-brand retail. Most economic analysts look at it in terms of capital coming into India to oust local shopkeepers or in terms of capital coming in to offer better prices to farmers or set up distribution chains and storage facilities to help consumers. These arguments seem a little old. There is a technological dimension to this that may reveal that it is India that is behind the competitive edge of big retail chains.In 2009, Wal-Mart picked Bangalore-based Infosys Technologies and India-centric Cognizant among three information technology service vendors for a $600 million multi-year contract. Finance is now easily available for retail companies from banks and equity markets. What sets the real smart retail giants apart is their ability to leverage software and IT to keep their competitive edge.Supply chain software can help lower costs by managing inventories. Data analytics and customer relations software can help them identify the more lucrative customers or choose discount strategies. Partners, employees and vendors of retail giants are now connected by software. Indian talent figures in all this.Infosys was an early adapter of Wal-Mart’s move to go in for radio-frequency identification (RFID) tags that helps the retail chain track inventories at low cost. Last year, Wal-Mart also acquired Kosmix, a cutting-edge search engine, founded by Indian-born Venky Harinarayan and Anand Rajaraman (who earlier co-founded Junglee.com that Amazon acquired). Now Kosmix is a part of WalMart Labs. Its technology filters and aggregates information by topic from Twitter messages and the larger Web in real time. This is a new way to interact with shoppers.Tesco now owes its edge to its Bangalore IT facility called the “Hindustan Service Centre”. The British retail chain says 6,000-employee-strong HSC’s strategic initiatives cover the “IT, business, financial, commercial and property aspects.” In Bangalore, Indian techies develop tools like mobile applications for Tesco.Q. From the passage, it can be assumed that the author’s views on FDI in multi-brand retail area)in favour of the government taking more measures to protect the interests of local shopkeepers.b)in fav our but based on the condition the FDI will not adversely affect local shopkeepers.c)that India has an important role in giving the retail giants a competitive edge.d)against the use of foreign investment in the retail sector.Correct answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for Class 12. Download more important topics, notes, lectures and mock test series for Class 12 Exam by signing up for free.
Here you can find the meaning of There is a controversy raging over the entry of giants such as Tesco and Wal-Mart into India after the government last week permitted foreign direct investment (FDI) in multi-brand retail. Most economic analysts look at it in terms of capital coming into India to oust local shopkeepers or in terms of capital coming in to offer better prices to farmers or set up distribution chains and storage facilities to help consumers. These arguments seem a little old. There is a technological dimension to this that may reveal that it is India that is behind the competitive edge of big retail chains.In 2009, Wal-Mart picked Bangalore-based Infosys Technologies and India-centric Cognizant among three information technology service vendors for a $600 million multi-year contract. Finance is now easily available for retail companies from banks and equity markets. What sets the real smart retail giants apart is their ability to leverage software and IT to keep their competitive edge.Supply chain software can help lower costs by managing inventories. Data analytics and customer relations software can help them identify the more lucrative customers or choose discount strategies. Partners, employees and vendors of retail giants are now connected by software. Indian talent figures in all this.Infosys was an early adapter of Wal-Mart’s move to go in for radio-frequency identification (RFID) tags that helps the retail chain track inventories at low cost. Last year, Wal-Mart also acquired Kosmix, a cutting-edge search engine, founded by Indian-born Venky Harinarayan and Anand Rajaraman (who earlier co-founded Junglee.com that Amazon acquired). Now Kosmix is a part of WalMart Labs. Its technology filters and aggregates information by topic from Twitter messages and the larger Web in real time. This is a new way to interact with shoppers.Tesco now owes its edge to its Bangalore IT facility called the “Hindustan Service Centre”. The British retail chain says 6,000-employee-strong HSC’s strategic initiatives cover the “IT, business, financial, commercial and property aspects.” In Bangalore, Indian techies develop tools like mobile applications for Tesco.Q. From the passage, it can be assumed that the author’s views on FDI in multi-brand retail area)in favour of the government taking more measures to protect the interests of local shopkeepers.b)in fav our but based on the condition the FDI will not adversely affect local shopkeepers.c)that India has an important role in giving the retail giants a competitive edge.d)against the use of foreign investment in the retail sector.Correct answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of There is a controversy raging over the entry of giants such as Tesco and Wal-Mart into India after the government last week permitted foreign direct investment (FDI) in multi-brand retail. Most economic analysts look at it in terms of capital coming into India to oust local shopkeepers or in terms of capital coming in to offer better prices to farmers or set up distribution chains and storage facilities to help consumers. These arguments seem a little old. There is a technological dimension to this that may reveal that it is India that is behind the competitive edge of big retail chains.In 2009, Wal-Mart picked Bangalore-based Infosys Technologies and India-centric Cognizant among three information technology service vendors for a $600 million multi-year contract. Finance is now easily available for retail companies from banks and equity markets. What sets the real smart retail giants apart is their ability to leverage software and IT to keep their competitive edge.Supply chain software can help lower costs by managing inventories. Data analytics and customer relations software can help them identify the more lucrative customers or choose discount strategies. Partners, employees and vendors of retail giants are now connected by software. Indian talent figures in all this.Infosys was an early adapter of Wal-Mart’s move to go in for radio-frequency identification (RFID) tags that helps the retail chain track inventories at low cost. Last year, Wal-Mart also acquired Kosmix, a cutting-edge search engine, founded by Indian-born Venky Harinarayan and Anand Rajaraman (who earlier co-founded Junglee.com that Amazon acquired). Now Kosmix is a part of WalMart Labs. Its technology filters and aggregates information by topic from Twitter messages and the larger Web in real time. This is a new way to interact with shoppers.Tesco now owes its edge to its Bangalore IT facility called the “Hindustan Service Centre”. The British retail chain says 6,000-employee-strong HSC’s strategic initiatives cover the “IT, business, financial, commercial and property aspects.” In Bangalore, Indian techies develop tools like mobile applications for Tesco.Q. From the passage, it can be assumed that the author’s views on FDI in multi-brand retail area)in favour of the government taking more measures to protect the interests of local shopkeepers.b)in fav our but based on the condition the FDI will not adversely affect local shopkeepers.c)that India has an important role in giving the retail giants a competitive edge.d)against the use of foreign investment in the retail sector.Correct answer is option 'C'. Can you explain this answer?, a detailed solution for There is a controversy raging over the entry of giants such as Tesco and Wal-Mart into India after the government last week permitted foreign direct investment (FDI) in multi-brand retail. Most economic analysts look at it in terms of capital coming into India to oust local shopkeepers or in terms of capital coming in to offer better prices to farmers or set up distribution chains and storage facilities to help consumers. These arguments seem a little old. There is a technological dimension to this that may reveal that it is India that is behind the competitive edge of big retail chains.In 2009, Wal-Mart picked Bangalore-based Infosys Technologies and India-centric Cognizant among three information technology service vendors for a $600 million multi-year contract. Finance is now easily available for retail companies from banks and equity markets. What sets the real smart retail giants apart is their ability to leverage software and IT to keep their competitive edge.Supply chain software can help lower costs by managing inventories. Data analytics and customer relations software can help them identify the more lucrative customers or choose discount strategies. Partners, employees and vendors of retail giants are now connected by software. Indian talent figures in all this.Infosys was an early adapter of Wal-Mart’s move to go in for radio-frequency identification (RFID) tags that helps the retail chain track inventories at low cost. Last year, Wal-Mart also acquired Kosmix, a cutting-edge search engine, founded by Indian-born Venky Harinarayan and Anand Rajaraman (who earlier co-founded Junglee.com that Amazon acquired). Now Kosmix is a part of WalMart Labs. Its technology filters and aggregates information by topic from Twitter messages and the larger Web in real time. This is a new way to interact with shoppers.Tesco now owes its edge to its Bangalore IT facility called the “Hindustan Service Centre”. The British retail chain says 6,000-employee-strong HSC’s strategic initiatives cover the “IT, business, financial, commercial and property aspects.” In Bangalore, Indian techies develop tools like mobile applications for Tesco.Q. From the passage, it can be assumed that the author’s views on FDI in multi-brand retail area)in favour of the government taking more measures to protect the interests of local shopkeepers.b)in fav our but based on the condition the FDI will not adversely affect local shopkeepers.c)that India has an important role in giving the retail giants a competitive edge.d)against the use of foreign investment in the retail sector.Correct answer is option 'C'. Can you explain this answer? has been provided alongside types of There is a controversy raging over the entry of giants such as Tesco and Wal-Mart into India after the government last week permitted foreign direct investment (FDI) in multi-brand retail. Most economic analysts look at it in terms of capital coming into India to oust local shopkeepers or in terms of capital coming in to offer better prices to farmers or set up distribution chains and storage facilities to help consumers. These arguments seem a little old. There is a technological dimension to this that may reveal that it is India that is behind the competitive edge of big retail chains.In 2009, Wal-Mart picked Bangalore-based Infosys Technologies and India-centric Cognizant among three information technology service vendors for a $600 million multi-year contract. Finance is now easily available for retail companies from banks and equity markets. What sets the real smart retail giants apart is their ability to leverage software and IT to keep their competitive edge.Supply chain software can help lower costs by managing inventories. Data analytics and customer relations software can help them identify the more lucrative customers or choose discount strategies. Partners, employees and vendors of retail giants are now connected by software. Indian talent figures in all this.Infosys was an early adapter of Wal-Mart’s move to go in for radio-frequency identification (RFID) tags that helps the retail chain track inventories at low cost. Last year, Wal-Mart also acquired Kosmix, a cutting-edge search engine, founded by Indian-born Venky Harinarayan and Anand Rajaraman (who earlier co-founded Junglee.com that Amazon acquired). Now Kosmix is a part of WalMart Labs. Its technology filters and aggregates information by topic from Twitter messages and the larger Web in real time. This is a new way to interact with shoppers.Tesco now owes its edge to its Bangalore IT facility called the “Hindustan Service Centre”. The British retail chain says 6,000-employee-strong HSC’s strategic initiatives cover the “IT, business, financial, commercial and property aspects.” In Bangalore, Indian techies develop tools like mobile applications for Tesco.Q. From the passage, it can be assumed that the author’s views on FDI in multi-brand retail area)in favour of the government taking more measures to protect the interests of local shopkeepers.b)in fav our but based on the condition the FDI will not adversely affect local shopkeepers.c)that India has an important role in giving the retail giants a competitive edge.d)against the use of foreign investment in the retail sector.Correct answer is option 'C'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice There is a controversy raging over the entry of giants such as Tesco and Wal-Mart into India after the government last week permitted foreign direct investment (FDI) in multi-brand retail. Most economic analysts look at it in terms of capital coming into India to oust local shopkeepers or in terms of capital coming in to offer better prices to farmers or set up distribution chains and storage facilities to help consumers. These arguments seem a little old. There is a technological dimension to this that may reveal that it is India that is behind the competitive edge of big retail chains.In 2009, Wal-Mart picked Bangalore-based Infosys Technologies and India-centric Cognizant among three information technology service vendors for a $600 million multi-year contract. Finance is now easily available for retail companies from banks and equity markets. What sets the real smart retail giants apart is their ability to leverage software and IT to keep their competitive edge.Supply chain software can help lower costs by managing inventories. Data analytics and customer relations software can help them identify the more lucrative customers or choose discount strategies. Partners, employees and vendors of retail giants are now connected by software. Indian talent figures in all this.Infosys was an early adapter of Wal-Mart’s move to go in for radio-frequency identification (RFID) tags that helps the retail chain track inventories at low cost. Last year, Wal-Mart also acquired Kosmix, a cutting-edge search engine, founded by Indian-born Venky Harinarayan and Anand Rajaraman (who earlier co-founded Junglee.com that Amazon acquired). Now Kosmix is a part of WalMart Labs. Its technology filters and aggregates information by topic from Twitter messages and the larger Web in real time. This is a new way to interact with shoppers.Tesco now owes its edge to its Bangalore IT facility called the “Hindustan Service Centre”. The British retail chain says 6,000-employee-strong HSC’s strategic initiatives cover the “IT, business, financial, commercial and property aspects.” In Bangalore, Indian techies develop tools like mobile applications for Tesco.Q. From the passage, it can be assumed that the author’s views on FDI in multi-brand retail area)in favour of the government taking more measures to protect the interests of local shopkeepers.b)in fav our but based on the condition the FDI will not adversely affect local shopkeepers.c)that India has an important role in giving the retail giants a competitive edge.d)against the use of foreign investment in the retail sector.Correct answer is option 'C'. Can you explain this answer? tests, examples and also practice Class 12 tests.
Explore Courses for Class 12 exam
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev