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.
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: Both statements are true.
Solution : The correct answer is (a) Both statements are true.
Statement 1 is true: Globalization has facilitated increased cultural exchange and diversity. It has allowed for the spread of ideas, values, and traditions across borders, leading to greater intercultural understanding and appreciation.
Statement 2 is true: Negative aspects of globalization can include reduced access to global markets for certain countries or regions. Globalization can lead to uneven distribution of benefits, where some countries or industries may face challenges in accessing global markets due to various barriers such as tariffs, non-tariff barriers, and market distortions.
