Read the passage carefully and answer the questions based on the passage:

Globalisation as a concept fundamentally deals with flows. The crucial element is the 'worldwide interconnectedness' that is created and sustained as a consequence of these constant flows.

Globalisation is a multi-dimensional concept. It has political, economic and cultural manifestations, and these must be adequately distinguished. It is wrong to assume that globalization has purely economic dimensions, just as it would also be mistaken to assume that it is a purely cultural phenomenon. The impact of globalization is vastly uneven- it affects some societies more than others and some parts of some societies more than others.

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.

However, it should be noted that globalisation is a very contentious subject and has invited strong criticism all over the globe.

Which among the following statements is not correct about globalization?

(A) Globalisation as a concept fundamentally deals with status quo.
(B) Globalisation has only negative consequences.
(C) The impact of globalization is similar for everyone.
(D) Globalisation involves the flow of ideas, capital, commodities and people.

Choose the correct answer from the options given below:

(A), (B) and (C) only

The correct answer is Option (2) → (A), (B) and (C) only

(A) Globalisation as a concept fundamentally deals with status quo. (Incorrect). Globalisation does not deal with the status quo; it deals with flows and worldwide interconnectedness that constantly transform societies.
(B) Globalisation has only negative consequences. (Incorrect). Globalisation has both positive and negative consequences, not only negative ones.
(C) The impact of globalization is similar for everyone. (Incorrect). The passage clearly states that the impact of globalisation is vastly uneven, affecting some societies (and groups within them) more than others.
(D) Globalisation involves the flow of ideas, capital, commodities and people. (Correct)