|Which of the following can be said as direct implications of globalisation on Indian economy?|
|1. Emergence of black money, tax havens in the world.|
|2. Acquisition of branded foreign companies by Indian business tycoon,|
|3. Changing nature of food habits, cultural change in dress, entertainment sector etc.|
|Select the correct answer using the codes given below.|
A) 1 and 2
B) Only 1
C) 2 and 3
D) All of these
Correct Answer: D
Solution :[d] Globalisation is defined as a process, which integrates the nations among the world with each other. Statement 1 is correct, because international investment and foreign trade are considered the causes of emergence of black money, which impart the tax havens. Statement 2 is also correct, by acquisition companies are making their investment in foreign countries. Statement 3 is also the implication of globalization because changing nature of food habit leads to export-import of foodgrains, cultural change leads to goods exchange, trade etc.
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