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Classification and Its Types

Which one of ...

Question

Which one of the following is a positive impact of globalisation?

A

Workers are facing insecurity

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B

Small-scale industries are perishing

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C

Production of goods in the economy has expanded

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D

Gap between rich and poor has widened

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Solution

The correct option is C Production of goods in the economy has expanded
Positive impact of globalisation:-
Greater competition among producers resulting from Globalisation is a great advantage to consumers as there is greater choice before them.
Due to globalisation many MNCs have increased their investments in India.
Local companies supplying raw materials, to these industries have prospered.

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