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Home Questions BDJGMNZ7AG
Target Exam

CUET

Subject

Economics

Chapter

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

Question:

Which of the following statements is/are true?

a) A crisis experienced by one country is likely to spread in others due to globalisation
b) Globalisation turns the world into one whole or create a borderless world.

Options:

Both a and b are true

a is true, b is not

b is true, a is not

Both a and b are false

Correct Answer:

Both a and b are true

Explanation:

As globalisation aimed at transforming the world towards greater interdependence, experience of one country is likely to spread to others. For example: Covid19. 

Globalisation turns the world into one whole or create a borderless world due to reduced trade barriers.

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