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?
Answer & explanation
Correct answer: option 2
The correct answer is Option (2) → It is critical of State regulation
Note: The passage of Q6-Q10 is NCERT’s own paragraph ‘Globalisation and Political Changes’ from the chapter ‘Globalisation and Social Change’. One short paragraph gave five questions, so give the short sections of this chapter a full reading.
Option (2) It is critical of State regulation — Correct. The neo-liberal policies behind globalisation reflect a political vision of free enterprise, which believes that leaving the market free will be both efficient and fair. It is therefore critical of both State regulation and State subsidies.
NCERT (2025-26): “Globalisation and Political Changes … 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.…” |