Q. With reference to Globalisation, which of the following statements is/are correct?
Select the correct answer using the code given below:
Q. With reference to Globalisation, which of the following statements is/are correct?
Select the correct answer using the code given below:
The correct option is A 1 only
Explanation
Statement 1 is correct. The term globalization refers to the integration of the economy of the nation with the world economy and has multifaceted aspects like integration of international trade and investments from across the globe.
Statement 2 is incorrect. This is one of the principal results of the globalization method which can be counted as a positive part of globalization. In outsourcing, a company recruits regular service from outside sources, often from other nations, that was earlier implemented internally or from within the nation (like computer service, legal advice, security, each presented by individual departments of the corporation, and advertisement).
Explanation
Statement 1 is correct. The term globalization refers to the integration of the economy of the nation with the world economy and has multifaceted aspects like integration of international trade and investments from across the globe.
Statement 2 is incorrect. This is one of the principal results of the globalization method which can be counted as a positive part of globalization. In outsourcing, a company recruits regular service from outside sources, often from other nations, that was earlier implemented internally or from within the nation (like computer service, legal advice, security, each presented by individual departments of the corporation, and advertisement).
