What do you know about this industry?

The telecommunications industry is currently going through a period of rapid expansion. The major industry players are positioning themselves for the delivery of the next generation of telecommunication services. New developments in mobile, broadband and satellite communications mean that it's an incredibly exciting time to be in the industry. I've no doubt that the telecommunications industry will be a driving force of the worldwide economy in the 21st century. I know that XYZ Corp intends to be a frontrunner in that expansion. For that reason, this job is highly attractive.

Advice from the recruitment consultant
This question assesses the depth of your knowledge about the industry in question. If you are new to the area, you may have to research this question before you attend the interview. You should not spend a long time answering the question. After all, the interviewer already knows the answer. Give a brief synopsis of the industry and where you believe the firm sits within the industry. Use this question to inform the interviewer of your desire to work in this industry.