Globalisation and the Indian Economy - Quiz

Globalization and Indian Economy Quiz

Test your knowledge on the concepts of globalization and its impact on the Indian economy

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Question 1 of 50

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1

Globalisation is defined as the integration between countries through:

A. Cultural exchange programs

B. Foreign trade and foreign investments by MNCs

C. Political alliances between nations

D. Social media connections

Answer: B

Globalisation is defined as the integration between countries through foreign trade and foreign investments by multinational corporations (MNCs).

1

Choose the correct option:

Assertion (A): Globalisation has benefited well-off consumers and also producers with skill, education and wealth.

Reason (R): Many small producers and workers have suffered as a result of the rising competition due to globalisation.

A. Both A and R are true and R is the correct explanation of A

B. Both A and R are true but R is not the correct explanation of A

C. A is true but R is false

D. A is false but R is true

Answer: B

Both statements are true but they describe different aspects of globalisation's impact. The first statement highlights the benefits for certain groups, while the second highlights the challenges faced by others. They are not directly causally related.

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