Directions: In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:
Assertion: While globalization is not caused by any single factor, technology remains a critical element.
Reason: The ability of ideas, capital, commodities and people to move more easily from one part of the world to another has been made possible largely by technological advances.
Directions: In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:
Assertion: Economic globalization involves many actors other than the international institutions. A Reason: What is often called economic globalization usually involves greater economic flows among different countries of the world.
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Directions: In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:
Assertion: The critics argue that contemporary globalization represents a particular phase of global capitalism that makes the rich richer (and fewer) and the poor poorer.
Reason: Weakening of the state leads to a reduction in the capacity of the state to protect the interest of its poor.
Directions: In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:
Assertion: Globalization need not always be positive; it can have negative consequences for the people.
Reason: Globalization is a multidimensional concept. It has political, economic and cultural manifestations, and these must be adequately distinguished.
Directions: In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:
Assertion: Globalization results in an erosion of state capacity, that is, the ability of government to do what they do.
Reason: Globalization also gives freedom to governments to act in an arbitrary manner as far as the global issues are concerned.
Directions: In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:
Assertion: In 1991, responding to a financial crisis and to the desire for higher rates of economic growth, India embarked on a programme of economic reforms that has sought increasingly to de-regulate various sectors including trade and foreign investment.
Reason: This deregulation opened up the new opportunities of local as well as foreign trade. Hence, the hope of creating new employment opportunities.
Directions: In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:
Assertion: There have been left wing protests to economic liberalization voiced through political parties as well as through forums like the Indian Social Forum.
Reason: The left wing believed that globalization would corrupt the politics of India.
DIRECTION : Mark the option which is most suitable :
Assertion : Global production has a complex structure. Reason : Production of one good may take place in different parts of the world. For instance, an equipment may be formed by combining components produced in different countries.
DIRECTION : Mark the option which is most suitable :
Assertion : Local businesses may set up joint production process with MNCs and earn higher profits.
Reason : MNCs can provide money for additional investments, like buying new machines for faster production.
DIRECTION : Mark the option which is most suitable :
Assertion : MNCs can exert a strong influence on production at distant locations.
Reason : MNCs set up partnerships with local companies, use local companies for supplies, compete with local companies or buy them up.
34 videos|243 docs|52 tests
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34 videos|243 docs|52 tests
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