Which one of the following is not true regarding the impact of the globalisation of India?

8. Which one of the following is not true regarding the impact of the globalisation of India?

  1. It has created jobs in the service sector.
  2. People with education, skill, and wealth have not been benefited.
  3. Benefits of globalisations are not equal.
  4. Labour laws are not implemented properly and workers are denied their rights.

Answer: B) People with education, skill, and wealth have not been benefited

Explanation:

Globalization is a process of cooperation and integration between individuals, companies, and governments of different nations, a process driven by international trade and investment and aided by information technology. Under global trade, countries have so far shut down trade and investment in other countries opening up their economies and traveling globally. The result is increased communication and integration of global economies. Under global trade more goods and services are increasing, investment and technology are moving between countries. In addition to goods, services, investments, and technology, there is the movement of people from one country to another in search of a better salary, better jobs, or better education.

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