Single Answer MCQ
Q-00015813
How does globalisation affect the cost of consumer goods in India?
1
Increases overall costs due to tariffs only
2
May reduce costs by increasing competition
3
Has no effect on prices
4
Only benefits local producers
Answer and Solution
Answer
B. May reduce costs by increasing competition
Solution:
Increased competition from globalisation often leads to decreased costs for consumers, as producers strive to offer better prices. The other options do not accurately reflect this relationship.
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