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Single Answer MCQ
Q-00015791

What is a potential consequence of globalisation on local economies?

1

Complete independence from global markets

2

Increased initiative for small-scale producers

3

Collapse of local industries due to foreign competition

4

Guaranteed success for all local businesses

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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. Collapse of local industries due to foreign competition

Solution:

Globalisation can lead to local industries collapsing due to overwhelming competition from larger multinational corporations. Other options create unrealistic expectations.

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