| CAT 2024 Question Paper VARC Slot 1 Question 3.
Choose the correct otpion from below list
(1)the low scale of crafts production will not be able to absorb the mass of redundant labour.
(2)regulatory requirements could make it difficult for small crafts outfits to compete.
(3)workers made redundant by automation are unlikely to opt for crafts-related work.
(4)crafts guilds tend to resist new entrants and are unlikely to accept large numbers of trainees.
Answer:-(2)regulatory requirements could make it difficult for small crafts outfits to compete.
Note:-The author says "In a world where products and services often have to pass through regulatory hoops, large companies will usually have the advantage." From this, we can infer that the author doubts whether crafts can create substantial employment opportunities because smaller craft businesses may struggle to compete with larger companies due to regulatory barriers. | | |