69th BPSC Prelims (2023), question 122

📈 Economy

122. Which is not true about globalization and its impact on India?

     1. It has expanded trade in goods and services.
     2. It has led to greater flow of Foreign Direct Investment.
     3. Increase in exports is greater than increase in imports.
     4. None of the above
     Show answer

     Answer: C — Increase in exports is greater than increase in imports.

     Globalization actually widened India's trade deficit — import growth outpaced export growth, making this statement false.

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