Target Exam

CUET

Subject

Political Science

Chapter

Contemporary World Politics: Globalisation

Question:

Read the passage carefully and answer the following question.

What has been India's experience in resisting globalisation? Social movements play a role in helping people make sense of the world around them and finding ways to deal with matters that trouble them. Resistance to globalisation in India has come from different quarters. There have been left wing protests to economic liberalisation voiced through political parties as well those representing farmer interests have organised protests against the entry of multinationals. The patenting of certain plants like Neem by American and European firms has also generated considerable opposition.

The three principal benefits of globalisation are:

(A) It is expected to benefit the economics of both developed and developing countries.
(B) Globalisation leads to the free flow of international capital and finance.
(C) Increase competition and promote efficiency in the domestic economic sector.
(D) Globalisation leads to greater dependence of the developing Countries on the developed Countries.
(E) The Free Flow of international capital result in powerful multinational corporations setting up business in the developing countries.

Choose the correct answer from the options given below:

Options:

(A), (B), (C)

(A), (D), (E)

(D), (E), (B)

(C), (D), (E)

Correct Answer:

(A), (B), (C)

Explanation:

The correct answer is Option 1 - (A), (B), (C)

Explanation:

(A) It is expected to benefit the economics of both developed and developing countries. (Correct)
(B) Globalisation leads to the free flow of international capital and finance. (Correct)
(C) Increase competition and promote efficiency in the domestic economic sector. (Correct)
(D) Globalisation leads to greater dependence of the developing Countries on the developed Countries.
(E) The Free Flow of international capital result in powerful multinational corporations setting up business in the developing countries.

Explanation:


Options D and E are not necessarily benefits of globalization, as they can also have negative consequences.

D. Globalisation leads to greater dependence of the developing Countries on the developed Countries. While this can be true in some cases, it's not always a negative outcome. Developing countries can benefit from the technology, investment, and expertise of developed countries.

E. The Free Flow of international capital result in powerful multinational corporations setting up business in the developing countries. While this can lead to job creation and economic growth, it can also lead to exploitation of workers and resources in developing countries.