Question : Statement 1: Globalization refers to the increasing integration of economies and societies worldwide.
Statement 2: Globalization promotes the decentralization of economic activities.
Option 1: Both statements are true.
Option 2: Both statements are false.
Option 3: Statement 1 is true, and statement 2 is false.
Option 4: Statement 1 is false, and statement 2 is true.
Correct Answer: Statement 1 is true, and statement 2 is false.
Solution : The correct answer is (c) Statement 1 is true, and statement 2 is false.
Statement 1 is true: Globalization refers to the increasing integration and interdependence of economies, cultures, and societies worldwide. It involves the exchange of goods, services, information, and ideas across borders.
Statement 2 is false: Globalization does not necessarily promote the decentralization of economic activities. In fact, globalization can lead to both centralization and decentralization of economic activities depending on various factors such as market dynamics, government policies, and industry structures. The impact of globalization on the centralization or decentralization of economic activities can vary across different sectors and regions.
Statement 2: Globalization promotes the localization of economic activities.
Question : Statement 1: Globalization promotes cultural diversity and exchange.
Statement 2: Negative aspects of globalization include the spread of infectious diseases
Question : Statement 1: The 1991 economic policy in India aimed to liberalize the Indian economy.
Statement 2: Liberalization refers to the reduction of government restrictions on economic activities.
Question : Statement 1: The process of globalization has produced only positive results for India.
Statement 2: Market-driven globalization reduces the economic disparities among nations and people.
Question : Statement 1: Positive aspects of globalization include increased cultural exchange and diversity.
Statement 2: Negative aspects of globalization include reduced access to global markets.
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