Edzy
Single Answer MCQ
Q-00045600

How has globalisation affected the standards of living for well-off consumers in India?

1

Decreased standards of living

2

Minimal change

3

Increased standards of living

4

No impact on living standards

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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. Increased standards of living

Solution:

Globalisation has increased standards of living for well-off consumers by providing greater choice, improved quality, and lower prices for products.

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