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Why has rising unemployment been linked to globalisation in India?

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Question

Why has rising unemployment been linked to globalisation in India?

Options

  • More workers become self-employed

  • Farmers earn higher profits

  • The IT sector stops hiring

  • Industries unable to compete with multinationals shut down

MCQ
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Solution

Industries unable to compete with multinationals shut down

Explanation:

Competition from multinational corporations has led some local industries to close, causing job losses and rising unemployment.

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