Topics:
CH-3: LIBERALISATION, PRIVATISATION AND GLOBALISATION: AN APPRAISAL, Indian Economic Development, NCERT Books
Globalisation and Disparities
According to critics, market-driven globalisation has:
- Reduced inequalities across nations
- Widened economic disparities among nations and people — Correct Answer
- Made all countries equally wealthy
- Eliminated poverty globally
Explanation:
Correct Answer Explanation
Market-driven globalisation has widened economic disparities among nations and people.
Key Points:
- Has compromised welfare and identity of people in poor countries.
- Increased income and quality of consumption of only high-income groups.
📚 About this Topic — CH-3: LIBERALISATION, PRIVATISATION AND GLOBALISATION: AN APPRAISAL
This multiple choice question is from CH-3: LIBERALISATION, PRIVATISATION AND GLOBALISATION: AN APPRAISAL, Indian Economic Development, NCERT Books. It has 4 options with a detailed explanation of the correct answer. Practice more MCQs from CH-3: LIBERALISATION, PRIVATISATION AND GLOBALISATION: AN APPRAISAL to strengthen your preparation.
