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State PCS PYQPrelims 2023

BPSC – Combined Competitive Examination · Question 124

Which of the following is NOT true about globalisation and its impact on India?

  1. It has expanded trade in goods and services.
  2. It has led to greater flow of FDI.
  3. The increase in exports is greater than the increase in imports.
  4. None of the above
Show answer & explanation

Answer: (C) The increase in exports is greater than the increase in imports.

Explanation

Post-1991, India's imports (especially oil, electronics, gold) have outpaced exports, keeping a merchandise trade deficit.

  • (A) Incorrect

    Wrong: true.

  • (B) Incorrect

    Wrong: true.

  • (C) Correct

    Correct: imports have grown faster, widening the trade deficit.

  • (D) Incorrect

    Wrong: option C is not true.