UPSC General Studies Sample Paper General Studies Sample Paper-9

  • question_answer
    Which of the following can be said as direct implications of globalisation on Indian economy?         
    1. Emergence of black money, tax havens in the world.
    2. Acquisition of branded foreign companies by Indian business tycoon,
    3. Changing nature of food habits, cultural change in dress, entertainment sector etc.
    Select the correct answer using the codes given below.

    A)  1 and 2           

    B)  Only 1

    C)  2 and 3           

    D)  All of these

    Correct Answer: D

    Solution :

    [d] Globalisation is defined as a process, which integrates the nations among the world with each other. Statement 1 is correct, because international investment and foreign trade are considered the causes of emergence of black money, which impart the tax havens. Statement 2 is also correct, by acquisition companies are making their investment in foreign countries. Statement 3 is also the implication of globalization because changing nature of food habit leads to export-import of foodgrains, cultural change leads to goods exchange, trade etc.

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