Economics

Choose the Correct Answer

Correct Answer : Option b

Explanation
A recent survey found that 67% of Indian consumers are unaware of the Pink Tax, despite its widespread impact on products like personal care items, clothing, and grooming services

Statement 1 is not correct: The term Pink Tax does not refer to an actual government-imposed tax. Instead, it describes the market-driven phenomenon where products marketed toward women such as personal care items, clothing, or accessories are often priced higher than similar products for men. This pricing disparity is not due to any formal tax levied by the government.

Statement 2 is correct: In India, there are no specific laws or regulations that prohibit or regulate the practice of gender-based pricing. The Pink Tax remains a social and economic issue, often highlighted in discussions about gender equality and consumer rights.