Comprehension Passage

Read the passage given below and then answer the questions given below the passage. Some words may be highlighted for your attention. Read carefully.

The importance of globalization in India traces back its root in Ancient India. In fact many of the branches of globalization are much older than the rise of capitalism itself. In ancient India, immigration and migration of the races and communities were frequent affairs. As human civilization advanced and men learnt trading, trade and commerce began between the countries. Exchange of finance capital was also an age old affair. With the rise of capitalism many aspects of globalization came into surface and became an accepted practice. As a result of the debt, during the 1980’s Globalization process and policy became very much pressing in the third world countries. Meanwhile the discovery of microchip created revolution in computer technology. Information technology underwent a revolutionary change. The fall of the previous Soviet Union and the collapse of communism paved the ground for further advancement of the capitalists’ countries to pursue the policy of globalization. The countries which had taken debt were found unable to pay the debt and that helped the spread of globalization easier a measure.

Which of the following is not true with the context of the paragraph?

1
Globalization policies became very pressing during 1980s
2
Globalization can be traced back to ancient India
3
Exchange of finance capital was not an age old affair
4
Countries were unable to pay off debts

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