Direction: Read the given passage carefully and answer the questions that follow. |
The recent rapid growth of industry has, in some cases, been so excessive that too much manufacturing capacity has been developed in some fields of production, which forces companies to sell their surplus products in world markets at prices lower than normal. This will make it almost impossible to develop local industries producing the same items because consumers will prefer to buy cheaper imported products. |
A) products manufactured locally but of export quality.
B) product of a foreign company available at a below normal price.
C) product sold to such other country which locally cannot manufacture it.
D) surplus products manufactured by foreign companies sold at higher price.
E) None of these
Correct Answer: B
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