Question : What is a significant impact of globalization on markets?
Option 1: Decrease in international trade
Option 2: Homogenization of consumer preferences
Option 3: Elimination of all trade barriers
Option 4: Reduction in technological innovation
Correct Answer: Homogenization of consumer preferences
Solution : Globalization leads to the homogenization of consumer preferences, as global brands and products become widely available and popular across different cultures.
Question : What is a significant impact of globalisation on international trade?
Option 1: Decrease in trade agreements
Option 2: Increase in trade barriers
Option 3: Growth in global supply chains
Option 4: Reduction in international trade volume
Question : The impact of Globalization on Human Geography is often seen in:
Option 1: The homogenization of cultural landscapes
Option 2: The decrease in international trade
Option 3: The reduction of urbanization trends
Option 4: The decline in technological advancements
Question : Globalization has led to:
Option 1: A decrease in cultural diversity
Option 2: An increase in local market autonomy
Option 3: A reduction in international trade barriers
Option 4: A decline in multinational corporations
Question : What was a significant step taken by India in the context of globalization?
Option 1: Nationalization of industries
Option 2: Economic liberalization reforms in 1991
Option 3: Increased trade barriers
Option 4: Isolation from global markets
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile