1. When is Amul planning to enter the European market?
1) December 2024
2) October 2024
3) November 2024
4) January 2025
Answer: 3) November 2024
2. Which country will be Amul’s first launch point in Europe?
1) France
2) Spain
3) Germany
4) Italy
Answer: 2) Spain
3. What is Amul’s current turnover?
1) ₹70,000 crore
2) ₹75,000 crore
3) ₹85,000 crore
4) ₹80,000 crore
Answer: 4) ₹80,000 crore
4. How many farmers own the Amul cooperative?
1) 2.6 million
2) 3.6 million
3) 4.6 million
4) 5.6 million
Answer: 2) 3.6 million
5. What is the import duty on dairy products in India?
1) 20%
2) 25%
3) 30%
4) 35%
Answer: 3) 30%
6. When did Amul launch its products in the United States?
1) January 2024
2) February 2024
3) March 2024
4) April 2024
Answer: 3) March 2024
7. How many milk variants did Amul launch in the US?
1) Three
2) Four
3) Five
4) Six
Answer: 2) Four
8. Who announced Amul’s European expansion plans?
1) Jayen S Mehta
2) Board of Directors
3) CEO
4) Chairman
Answer: 1) Jayen S Mehta
9. Where was the European expansion announcement made?
1) Gujarat State Assembly
2) GCMMF Headquarters
3) Indian Institute of Foreign Trade
4) European Trade Commission
Answer: 3) Indian Institute of Foreign Trade
10. How many families depend on dairy farming in India?
1) Over 80 million
2) Over 90 million
3) Over 100 million
4) Over 110 million
Answer: 3) Over 100 million
11. What does GCMMF stand for?
1) Gujarat Cooperative Milk Marketing Federation
2) Gujarat Company Milk Marketing Forum
3) Gujarat Cooperative Milk Management Federation
4) Gujarat Company Milk Management Forum
Answer: 1) Gujarat Cooperative Milk Marketing Federation
12. When was Amul founded?
1) 1945
2) 1946
3) 1947
4) 1948
Answer: 2) 1946
13. What is the primary target market for Amul in Europe?
1) Only Indian diaspora
2) Only European consumers
3) Both Indian diaspora and European consumers
4) Only Asian consumers
Answer: 3) Both Indian diaspora and European consumers
14. What type of barriers does the Indian dairy sector face in foreign markets?
1) Tariff barriers
2) Non-tariff barriers
3) Language barriers
4) Cultural barriers
Answer: 2) Non-tariff barriers
15. Who primarily constitutes the dairy farmers associated with Amul?
1) Large-scale farmers
2) Medium-scale farmers
3) Small and marginal farmers
4) Corporate farmers
Answer: 3) Small and marginal farmers
16. What strategy is Amul adopting for European expansion?
1) Simultaneous launch in all countries
2) Launch in Spain first and assess response
3) Direct competition with local brands
4) Online-only sales
Answer: 2) Launch in Spain first and assess response
17. What products will Amul initially introduce in Europe?
1) Only milk products
2) Only cheese products
3) Milk and fresh dairy items
4) Only butter products
Answer: 3) Milk and fresh dairy items
18. What is the role of IIFT?
1) Dairy production
2) Management education in international business
3) Milk processing
4) Dairy farming
Answer: 2) Management education in international business
19. Who owns the Amul brand?
1) Private investors
2) Government of Gujarat
3) GCMMF
4) International corporation
Answer: 3) GCMMF
20. What is a key focus of Amul’s global strategy?
1) Market adaptation
2) Price competition
3) Limited product range
4) Online sales only
Answer: 1) Market adaptation
21. What type of organization is Amul?
1) Private company
2) Public company
3) Cooperative
4) Government enterprise
Answer: 3) Cooperative
22. Which market did Amul enter before planning European expansion?
1) Australian market
2) United States market
3) Canadian market
4) Chinese market
Answer: 2) United States market
23. What is a potential benefit of Amul’s international expansion?
1) Reduced domestic sales
2) Additional income for farmers
3) Higher import duties
4) Decreased production
Answer: 2) Additional income for farmers
24. What are non-tariff barriers?
1) Direct duties
3) Trade restrictions without tariffs
4) Export taxes
Answer: 3) Trade restrictions without tariffs
25. What is Amul known for?
1) Only milk production
2) Only cheese products
3) Quality dairy products and innovative marketing
4) Only butter production
Answer: 3) Quality dairy products and innovative marketing