Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Indian Economic Development: Liberalisation, Privatisation and Globalisation - An Appraisal

Question:

Which of the following facilitates greater integration and interdependence in markets and allow for activities that transcends economic, social and geographical boundaries?

Options:

Globalisation

Liberalisation

Privatisation

Disinvestment

Correct Answer:

Globalisation

Explanation:

Globalisation involves creation of networks and activities transcending economic, social and geographical boundaries. Globalisation attempts to establish links in such a way that the happenings in India can be influenced by events happening miles away. It is turning the world into one whole or creating a borderless world.