Alternatively, you can register/login faster using
 
Register Free!
  QUESTION OF THE DAY  
Question of the day
HOME > MBA PREP CENTRE > DAILY TEST PREP > QUESTION OF THE DAY
 
Question of the Day (27-Oct-19)

Views : 2803
Rated 3.9 by 8 Users
 
The question below contains a paragraph followed by alternative summaries. Choose the option that best captures the essence of the text.

Mumbai is India's largest city. It serves as an important economic hub of the country, contributing 10% of all factory employment, 40% of all income tax collections, 60% of all customs duty collections, 20% of all central excise tax collections, 40% of India's foreign trade and Rs. 40 billion (US$ 910 million) in corporate taxes. Mumbai's per-capita income is Rs. 48,954 (US$ 1,119.19) which is almost three times the national average. Many of India's top conglomerates (including State Bank of India, Tata, Godrej and Reliance), and four of the Fortune Global 500 companies are based in Mumbai. Many foreign banks and financial institutions also have branches in this area, the World Trade Centre (Mumbai) being the most prominent one. Until the 1980s, Mumbai owed its prosperity largely to textile mills and the seaport, but the local economy has since been diversified to include engineering, diamond-polishing, healthcare and information technology. Mumbai is home to the Bhabha Atomic Research Centre, and most of India's specialized, technical industries, having a modern industrial infrastructure and vast, skilled human resources. Rising venture capital firms, start-ups and established brands work in aerospace, optical engineering, medical research, computers and electronic equipment of all varieties, shipbuilding and salvaging, and renewable energy and power. Along with the rest of India, Mumbai, its commercial capital, has witnessed an economic boom since the liberalisation of 1991, the finance boom in the mid-nineties and the IT, export, services and BPO boom in this decade. The middle class in Mumbai is the segment most impacted by this boom and is the driver behind the consequent consumer boom. Upward mobility among Mumbaikars has led to a direct increase in consumer spending. Mumbai has been ranked 10th among the world's biggest centres of commerce in terms of financial flow in a survey compiled by Mastercard Worldwide.
OPTIONS
 
 1)Mumbai is India's commercial capital and is responsible for generating a substantial portion of the country’s tax and foreign trade revenues. Prior to liberalization, Mumbai owed much of its prosperity to textile mills and its seaport, but is now witnessing an economic boom in IT, export, services and BPOs. The city is ranked 10th among the world’s biggest centres of commerce in terms of financial flow.
 2)Mumbai is India’s largest city and an important economic hub contributing 10% of all factory employment, 40% of all income tax collections, 60% of all customs duty collections, 20% of all central excise tax collections, 40% of India's foreign trade and Rs. 40 billion (US$ 910 million) in corporate taxes. Mumbai's per-capita income is Rs. 48,954 (US$ 1,119.19) which is almost three times the national average. Along with the rest of India, Mumbai, its commercial capital, has witnessed an economic boom since the liberalisation of 1991, the finance boom in the mid-nineties and the IT, export, services and BPO boom in this decade. The middle class in Mumbai is the segment most impacted by this boom and is the driver behind the consequent consumer boom.
 3)Mumbai is India’s commercial capital and is responsible for generating most of the country’s revenues. Mumbai's per-capita income is Rs. 48,954 (US$ 1,119.19) which is almost three times the national average. Along with the rest of India, Mumbai, its commercial capital, has witnessed an economic boom since the liberalisation of 1991, the finance boom in the mid-nineties and the IT, export, services and BPO boom in this decade. Mumbai has been ranked 10th among the world's biggest centres of commerce in terms of financial flow in a survey compiled by Mastercard Worldwide.
 4)Mumbai is India’s largest city and is responsible for generating most of the country’s tax and foreign trade revenues. Prior to liberalization, Mumbai owed much of its prosperity to textile mills and its seaport, to finance in the mid-nineties and now to IT, automobiles, export, services and BPOs. The city is ranked 10th among the world’s biggest centres of commerce in terms of financial flow.
 5)Mumbai is India’s commercial capital and its largest city. Many of India’s largest conglomerates as well as foreign banks and financial institutions are based in this city. Most of India's specialized, technical industries, having a modern industrial infrastructure and vast, skilled human resources are also based there. Rising venture capital firms, start-ups and established brands work in aerospace, optical engineering, medical research, computers and electronic equipment of all varieties, shipbuilding and salvaging, and renewable energy and power. Mumbai has been ranked 10th among the world's biggest centres of commerce in terms of financial flow in a survey compiled by Mastercard Worldwide.

DiscussGet In Email
 Solution
 
 
 
©2008-2019 All rights reserved