Question

Statement I: Developing and backward countries are shifting towards open markets and globalisation.

Statement II: The presence of multinational corporations has widened the gap between the rich and the poor in developing countries.

Identify each of the above statements as true or false and mark the appropriate option given below.

• A. Both the statements are true.
• B. Both the statements are false.
• C. Statement I is true, Statement II is false.
• D. Statement I is false, Statement II is true.

Answer 1

The correct option is A Both the statements are true.

Developing and backward countries are shifting towards open markets and globalisation. This allows multinational companies to operate in these countries. The presence of multinational corporations has widened the gap between the rich and the poor in developing countries.