With reference to valuable I.T. Brands, which of the following statements is/are correct ?
1. 'Accenture' is the most valuable Worldwide I.T. Brand in 2022.
2. T.C.S. is No. 2 in global I.T. Services

Question

With reference to valuable I.T. Brands, which of the following statements is/are correct ?
1. 'Accenture' is the most valuable Worldwide I.T. Brand in 2022.
2. T.C.S. is No. 2 in global I.T. Services Brands in 2022.
Select the correct answer from the code given below :
Code :

UnlockIAS · Accepted Answer

Correct — A, Both 1 and 2. The question is built on Brand Finance's 'IT Services 25' ranking for 2022, published in late January 2022 — roughly five months before the 12 June 2022 exam, which is why it was fair game. In that edition Accenture was the world's most valuable IT services brand, with a brand value of about USD 36.2 billion, so statement 1 is correct. Tata Consultancy Services was placed second, at about USD 16.8 billion, so statement 2 is also correct. Infosys came third at about USD 12.8 billion and was reported as the fastest-growing brand in the table. Both statements therefore hold as of 2022 and the key marks (a). Read the code carefully in this paper: in the UPPSC 2022 Paper-I two-statement items, (a) is 'Both 1 and 2', (b) is 'Only 1', (c) is 'Neither 1 nor 2' and (d) is 'Only 2' — 'Only 1' sits at (b), not at (a) as in many other papers.

Why the other options are wrong — (b) This accepts Accenture at the top but rejects TCS's second place. TCS was in fact ranked No. 2 in the 2022 IT Services 25 table at about USD 16.8 billion, ahead of Infosys, so statement 2 cannot be dropped.  (c) Both statements are supported by the same published 2022 ranking — Accenture first and TCS second — so rejecting both is wrong.  (d) This keeps TCS at No. 2 but denies Accenture the top place. Accenture headed the 2022 IT services table by a wide margin, with roughly twice TCS's brand value, so statement 1 stands.

Concept: Brand value is not the same thing as revenue, profit or market capitalisation. Brand-valuation consultancies such as Brand Finance estimate what a company's name alone is worth — essentially the royalty a business would have to pay to license its own brand — and publish annual league tables by sector. The 'IT Services 25' is the sector table for information-technology services, and it is the source behind this question. Because the tables are re-run every year, a rank is a snapshot, not a permanent attribute of the company.

State PCS 2022 Q3 — Current Affairs PYQ with Answer

State PCS 2022 Q3 — Current Affairs PYQ with Answer