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Q.

Choose if the given statement is True/False.

Our markets have transformed.

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a

True

b

False

answer is A.

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Detailed Solution

The above statement is true.
Our country had only a few goods and services a few decades back. Only a few brands were available on the market. Our markets have transformed after globalization, and now we see hundreds of brands from small to huge wealth engaged in the trade and selling everything from electronic items to processed fruit juices. This is all being done because of the rapid transformation of technologies and the entry of MNCs into the market. Because of MNCs and a few technologies such as ICT, the quantity and quality of goods have increased, and the generation of services has also grown.

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