Question

Which of the following point/s indicate the Positive Impacts of globalization?

1. Increase in the volume of trade in goods and services.
2. It attracts private foreign capital investment.
3. It creates new job opportunities.
4. It does not raise the standard of living.

Options

• i, ii, iv

• i, ii, iii

• ii, iii, iv

• i, iii, iv

Answer 1

i, ii, iii

Explanation:

Positive effects of globalization include:

1. Increase in the volume of goods and services traded.
2. It is a magnet for private foreign capital investment.
3. It opens up new job opportunities.
4. It improves people's standard of living.
5. It boosts output, efficiency, and healthy competition.
6. It also attracts foreign direct investment.