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Single Answer MCQ
Q-00015774

How does globalisation affect the availability of products in local markets?

1

It decreases product variety.

2

It limits consumer choices.

3

It increases competition and product diversity.

4

It restricts access to foreign products.

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Sandeep Chaturvedi

Sandeep Chaturvedi

CBSE Social Science & Humanities Reviewer

Social science and humanities educator with 14+ years of experience reviewing CBSE SST, economics, commerce, arts, and vocational content.

M.A. HistoryM.A. Political ScienceB.Ed.

Answer and Solution

Answer

C. It increases competition and product diversity.

Solution:

Globalisation increases competition, leading to a greater variety of products and options available to consumers in local markets.

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