The correct answer is (C) Unequal income distribution
Explanation:
• Globalization benefits skilled workers and large companies more, leaving unskilled groups behind.
• This widens the rich–poor gap.
• Developing countries often face job insecurity in small-scale sectors.
Information Booster:
• India opened its economy in 1991 (LPG reforms).
• Globalization is associated with FDI, trade liberalization, outsourcing.
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90 Mins English English100 Questions100 Marks90 Mins English English100 Questions100 Marks90 Mins EnglishWhich organisation’s support was crucial in India’s globalisation post-1991 crisis?
How did globalisation affect India’s economic growth?
Liberalisation reduced government control over economic activities. What did liberalisation in 1991 primarily aim to eliminate?
Which policy reform targeted improving competitiveness and efficiency of the banking system after 1991?
Per capita income is an indicator of economic development. What happened to India’s per capita income post 1991 economic reforms?
The 1991 economic reforms in India led to rapid industrialisation and expansion of energy-intensive sectors. Which market-based mechanism has India adopted to balance industrial growth, energy efficiency and emissions?
Financial inclusion has been a major goal of post-1991 economic reforms in India. Which of the following flagship schemes was launched in 2014 to promote financial inclusion through universal access to banking facilities?
Privatisation can be partial, involving minority shareholding by the private sector. What is the government's shareholding threshold in a PSU for it to be considered privatised?
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Suggested Test Series
Which organisation’s support was crucial in India’s globalisation post-1991 crisis?
How did globalisation affect India’s economic growth?
Liberalisation reduced government control over economic activities. What did liberalisation in 1991 primarily aim to eliminate?
Which policy reform targeted improving competitiveness and efficiency of the banking system after 1991?
Per capita income is an indicator of economic development. What happened to India’s per capita income post 1991 economic reforms?
The 1991 economic reforms in India led to rapid industrialisation and expansion of energy-intensive sectors. Which market-based mechanism has India adopted to balance industrial growth, energy efficiency and emissions?
Financial inclusion has been a major goal of post-1991 economic reforms in India. Which of the following flagship schemes was launched in 2014 to promote financial inclusion through universal access to banking facilities?
Privatisation can be partial, involving minority shareholding by the private sector. What is the government's shareholding threshold in a PSU for it to be considered privatised?
