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Q.

Choose if the given statement is True/False.

Globalisation has been a boon to everyone in the world.

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a

True

b

False

answer is B.

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Detailed Solution

The given statement is false. Globalisation is the process of rapid integration or interconnection between countries by higher investment from foreign and higher foreign trade. Globalisation connects countries, but it results in greater competition among producers. It has benefitted many companies by adopting the latest technology and production processes model. However, many companies were shut down due to the inability to withstand competition.
Thus, Globalisation has been a bane to everyone in the world.

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