Read the given passage carefully and answer the next five questions.

In many ways it was a major political change, namely, the collapse of the erstwhile socialist world that hastened globalisation and also gave a specific economic and political approach to the economic policies that underpin globalisation. These changes are often termed as neo-liberal economic measures. We have already seen what concrete steps the liberalisation policy took in India. Broadly, these policies reflect a political vision of free enterprise which believes that a free reign to market forces will be both efficient and fair. It is, therefore, critical of both State regulation and State subsidies. The existing process of Globalisation in this sense does have a political vision as much as an economic vision.

According to the passage, what is the political vision behind Globalisation?

It is critical of State regulation

The correct answer is Option (2) - It is critical of State regulation

The passage states that the political vision behind globalisation is critical of both State regulation and State subsidies, aligning with a belief in free enterprise and market forces.

The passage specifically states that neo-liberal economic measures, which underpin globalization, are critical of State regulation and subsidies. It emphasizes free market forces and free enterprise.