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Question
Statement (1): Globalisation has created jobs in the service sector.
Statement (2): Removing restrictions on trade and trade by the government is known as globalisation.
Alternatives:
Options
Both statements are true.
Both statements are false.
Statement 1 is true, Statement 2 is false.
Statement 2 is true, Statement 1 is false.
MCQ
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Solution
Statement 1 is true, Statement 2 is false.
Explanation:
Globalisation has created many service‑sector jobs through outsourcing, IT, and BPO growth. However, removing government restrictions on trade is called liberalisation; globalisation means integrating the domestic economy with the world and allowing the free flow of goods, services, and capital.
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