According to the text, what is a major factor driving the demand for hotels and hospitality in India in 2023? Option: A decline in international travel, A post-Covid travel boom, Increased government funding for tourism, A decrease in disposable income

<< Back

Hi

Show Ans

i

According to the text, what is a major factor driving the demand for hotels and hospitality in India in 2023?

A decline in international travel

A post-Covid travel boom

Increased government funding for tourism

A decrease in disposable income

<< Back

Hi

Show Ans

i

What is a key takeaway from the text regarding the hotel industry in India?

The industry faces limited competition

The industry is a significant employer

Hotels primarily cater to international tourists

The organized sector dominates the market

<< Back

Hi

Show Ans

i

What is the primary focus of the Indian government's economic policies as indicated by the Union Budget?

"Infrastructure development and capital expenditure"

"Social welfare programs and poverty alleviation"

"Encouraging foreign direct investment"

"Promoting digital innovation and technology"

<< Back

Hi

Show Ans

i

What event in India led to a significant increase in credit card usage?

Introduction of online payment platforms

Implementation of the Goods and Services Tax (GST)

Demonetization

Surge in private bank offerings

<< Back

Hi

Show Ans

i

What is a significant advantage for Indian IT companies due to their export-oriented nature?

Depreciating INR

High domestic demand

Government subsidies

Low labor costs

<< Back

Hi

Show Ans

i

What is a key characteristic of the Indian economy mentioned in the text?

"One of the largest in purchasing power parity"

"Experiencing consistent and predictable growth"

"One of the smallest in purchasing power parity"

"Likely to remain stagnant in the foreseeable future"