Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

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

Question:

Answer the following questions after reading the paragraph given below:

“On a morning, a few minutes before 7 A.M., Deeksha, who is an employee in Easyveasy ltd. sat in front of her computer with her headset on and said in accented English ‘Hello, Kinsey’. Seconds later, she gets the reply, ‘Hello, Deeksha’. The two chatted excitedly before Deeksha said that ‘we will work on pronouns today’. Nothing unusual about this chat except that Deeksha, 22, was in Delhi and her student Kinsey, 13, was at her home in New Jersey,USA. Using a simulated whiteboard on their computers, connected by internet, and a copy of Kinsey's textbook in front of Deeksha, she guides the teenager through the intricacies of nouns, adjectives and verbs. Deeksha, who grew up speaking Hindi, was teaching Kinsey English grammar, comprehension and writing.”

Which of the following is NOT a feature of "Globalisation"?

Options:

Encourages dis-integration of the economy

Promotes borderless trade

Transforms world towards greater independence

Both 1 and 3

Correct Answer:

Both 1 and 3

Explanation:

Option 4: Both 1 and 3 are NOT features of globalization.

Globalization is characterized by increasing interconnectedness and interdependence between countries. Let's break down why options 1 and 3 are not features:

  • Encourages dis-integration of the economy (Option 1): Globalization is actually the opposite. It promotes integration of economies across borders, with increased trade and investment flows.
  • Transforms world towards greater independence (Option 3): Globalization fosters interdependence, where countries rely on each other for goods, services, and resources. This makes them more interconnected, not independent.

Thus, globalisation encourages integration of the economy of the country with the world economy and transforms world towards greater interdependence.