Ibps Clerk Mains Exam Template With Answers Page 14
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43IBPS Clerk Mains : Part - 1
distribution and retail infrastructure namely “foreign
over ?
direct investment”. And most of the rhetoric of recent
First, our politicians, our bureaucrats, and our urban
years has largely been on emotional and sometimes
planners must realise the need and relevance of
incorrect factual positions.
providing for retail spaces in an integrated, holistic
Private consumption has long been the larger
planned way. At the very least, about 10-12 square
constituent of India’s economy and even today, it
feet of retail space is needed for every urban
accounts for almost 60% of India’s GDP. Of this
inhabitant. Urban agglomerations such as NCR,
private consumption, more than 60% is what would
Greater Mumbai, and Kolkata therefore require at
constitute what we typically route through retail
least 200 million square feet each of legalised retail
channels.
space .
The fact is India’s retail story is not a zero sum game
i.e. growth of new, modern, and sometimes larger in
61. Which of the following is/ are the major
scale retail businesses has to come at the expense of
concern for India's retail sector ?
decimation of the traditional, independent retail
1) More attention is being paid to the possible role of
business owners. Even at a real growth of 6% per year
FDI.
and inflation of about 5% for the next 15 years, India’s
2) No efforts are made by the authority to enhance
nominal GDP will be about $8,000 billion in 2026. The
efficiency of retail distribution.
size of India’s retail market would have also moved up
3) The retailers are not regulated.
from about $500 billion in 2011 to about $2,500
4) The retail sector in India is a potential retail market
billion in 2026.
for employment prospects.
Traditional retail currently accounts for as much as
5) Both 1) and 2)
about $475 billion of this market. Even if modern
retail attracts as much as $150 billion in fresh direct
62. What has/have been suggested by the author?
and indirect investment (from within India and
Answer in the context of the passage.
overseas) over the next 15 years (i.e., $10 billion per
(A) FDI should allowed only in a few restricted
year), the size of modern retail business in India is not
sectors.
likely to cross $300-350 billion by 2026, implying that
(B) New players should not be allowed to invest
traditional retail will account for as much as $2,150-
funds.
2,200 billion in revenues (or more than four times of
(C) There should be proper planning for the
their current size).
developing of retail sectors.
Accounting for inflation and some increase in
1) Only (A)
productivity of traditional retailers, it can be very
2) Only (B)
confidently assumed that in the most optimistic of all
3) Only (C)
scenarios as far as investment in modern retail is
4) Only (A) and (B)
concerned, the numbers of independent retail outlets
5) Only (B) and (C)
in India will more than double by 2026 rather than
show any decline whatsoever. If these facts are
63. What does the author mean by 'zero sum
understood , then what should India be doing to
gain'?
facilitate this retail consumption taking place in a
1) Gain of branded retailers at the cost of traditional
planned, organised manner rather than seeing
retailers.
millions of illegal retail establishments sprouting all
2) Loss of some best retailers at the gain of others.
Page 14
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