Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

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

Question:
Which term refers to the establishment of links and activities that transcend economic, social, and geographical boundaries?
Options:
Liberalization
Globalization
Privatization
Glocalization
Correct Answer:
Globalization
Explanation:
Globalization refers to the establishment of links and activities that transcend economic, social, and geographical boundaries. It aims to create interdependence and integration among countries, allowing events happening in one part of the world to influence happenings in other parts.