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    Question

    Which of the following are not one of the significances

    of GI Tags?
    A Protect Indian products Correct Answer Incorrect Answer
    B Better price and branding Correct Answer Incorrect Answer
    C Recognition Correct Answer Incorrect Answer
    D Standardization Correct Answer Incorrect Answer
    E All of the above are Significances Correct Answer Incorrect Answer

    Solution

    Significance of GI Tag Protect Indian products- Indian Basmati and many products have huge international demand leading to an attempt to hijack by an American firm few years back. GI tag is important to protect any such future move Better price and branding- GI tag helps to establish the local product in national and international market. Recognition- to indigenous knowledge and local people culture as many handicraft products are now getting promoted after having GI tag in international market. Standardization- GI tag set certain expected standards for products so quality get assured for marketing purpose and easy to export.

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