Practicing Success

Target Exam

CUET

Subject

Business Studies

Chapter

Business Environment

Question:

Which of the following is/are integral to the process of globalization?

Options:

Export Promotion

Foreign exchange reforms

Import liberalization

All of the above

Correct Answer:

All of the above

Explanation:

Globalization is a term used to describe how trade and technology have made the world into a more connected and interdependent place. Globalization also captures in its scope the economic and social changes that have come about as a result. Import liberalization and foreign exchange reforms are required to achieve globalisation and which will result in export promotion.