Indian Gaming Industry Quiz 2023

The portion of the online gaming market that involves wagering real money on games of skill or chance.

A type of online gaming where players compete against each other for prizes, often based on their knowledge of real-world events or sports.

The percentage of a market's total value that a specific sub-segment occupies.

A tax levied on the value of goods and services consumed within a country.

A tax system where a fixed percentage of income or profit is paid to the government.

A tax imposed on the value of goods and services that are traded within a country.

A set of rules or guidelines designed to regulate and govern online gaming activities.

A document or agreement that outlines the terms and conditions of a specific transaction.

India's gaming market is booming due to factors like affordable data, easy digital payments, and the convenience of mobile gaming.

The number of people who play video games online in India is very high, only surpassed by China.

Many game developers are creating mobile versions of popular games designed for PCs and consoles.

India's gaming market is different from developed countries like the US and China, which have traditionally focused on PC and console gaming.

The lower barriers to entry and fewer hardware limitations make mobile gaming more accessible in India compared to PC and console gaming.

Developing games often involves teamwork between people with different skills, such as animators, programmers and engineers.

Game development often integrates new technologies like AI, ML, and cloud computing.

Games are utilizing artificial intelligence (AI) to create more dynamic and engaging experiences. This includes things like AI-controlled characters, adaptive difficulty, and intelligent game design.

Online gaming is a growing industry that requires skilled professionals to build, maintain, and provide support for online games.

Game development often includes aspects of product design, focusing on user experience and creating compelling game mechanics.

The act of making something bigger, such as developing a business or expanding the use of technology.

People who have significant influence on others, often in specific areas like technology, fashion, or social media.

A government's effort to encourage people to use electronic payment methods instead of cash.

The network of systems and technologies that enable online activities, including communication and commerce.

The use of technology and knowledge to create economic value.

Changes in the business strategies of online gaming companies in India, often driven by regulations or market dynamics.

A situation where multiple online gaming companies merge or are acquired, leading to a smaller number of larger entities.

The impact of tax changes on the available funds for online gaming companies' growth and innovation.

The ability of online gaming platforms to adapt and thrive even in the face of challenges.

The process of analyzing and evaluating the trade-offs involved in different business strategies, particularly in response to changes in regulation.

The ability for individuals or businesses to absorb the financial impact of external factors, such as taxes or regulations.

The potential for online gaming companies to face financial constraints that hinder their growth and innovation efforts.

The evolving landscape of the online gaming industry in India, characterized by ongoing shifts and adaptations.

The practice of deducting taxes at the source of income, typically on payments made to individuals for winning online games.

The total amount of money won by players in an online game, minus any losses they may have incurred.

The minimum amount of money that needed to be won before TDS was applied under the previous online gaming rules.

A type of online game where players can wager real money, with outcomes based on skill or strategy.

Online games that rely heavily on luck or random chance, like lotteries or slot machines.

The act of removing or eliminating the TDS threshold, meaning TDS now applies to all online gaming winnings, regardless of the amount.

A situation where the government loses revenue because of loopholes or lack of proper tax collection practices.