Political Science · Political Processes in India
Identify the incorrect statement(s) regarding globalization in India.
- 1. The Indian service sector has witnessed a major boom.
- 2. Globalization has made the banking sector more technologically as well as operationally efficient.
- 3. Globalization has resulted in the reduction of markets for domestic companies.
A1, 2 and 3
BOnly 1
COnly 3 ✓ Correct
DNone
Correct answer: (C) Only 3 — Only statement 3 is incorrect, so that is the answer.
Explanation
★Only statement 3 is incorrect, so that is the answer.
★Globalization actually widened markets for domestic companies.
★It opened export opportunities rather than shrinking markets.
★Statement 1 is correct, since the service sector boomed.
★Statement 2 is correct, since banking became more efficient.
★So only statement 3 misstates the effect of globalization.
★Thus the answer is only statement 3.
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