Question : Which of the following are negative traits of globalisation?
Option 1: Globalisation benefit more to developed countries and less to other countries.
Option 2: Globalisation compromises the welfare and identity of people belonging to poor countries
Option 3: Market driven globalisation increases the economic disparities of the nations.
Option 4: All of the above.
Correct Answer: All of the above.
Solution : The following are negative traits of globalisation-
Hence Option D is correct.
Question : What was the "New International Economic Order" primarily aimed at?
Option 1: Reducing the influence of the IMF and World Bank
Option 2: Promoting free trade globally
Option 3: Addressing economic disparities between developed and developing countries
Option 4: Strengthening the economic power of the Soviet Union
Question : The demand for a New International Economic Order in the 1970s was primarily driven by:
Option 1: Industrialized nations
Option 2: Oil-producing countries
Option 3: Communist states
Option 4: Developing countries
Question : Which of the following are positive traits of globalisation?
Option 1: Greater access to global market
Option 2: Advance technology
Option 3: Better future prospect for large industries
Question : The quest for a New International Economic Order was primarily advocated by:
Option 1: Developed countries
Option 2: Socialist countries
Option 3: Developing countries
Option 4: Non-aligned countries
Question : Which of the following countries has the highest rate of absolute poverty?
Option 1: Capitalist countries
Option 2: Developing countries
Option 3: Underdeveloped countries
Option 4: Developed countries
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