Target Exam

CUET

Subject

Sociology

Chapter

Indian Society: Market as a social Institution

Question:

Two statements are given, one is labelled as Assertion (A) and the other as Reason (R):
Assertion (A) A central feature of globalisation is the increasing extension and integration of markets around the world.
Reason (R). Changes in a market in one part of the globe may have a profound impact somewhere else far away.

Options:

Both (A) and (R) are true and (R) is the correct explanation for (A)

Both (A) and (R) are true and (R) is not the correct explanation for (A)

(A) is true , but (R) is false

(A) is false but (R) is true

Correct Answer:

Both (A) and (R) are true and (R) is the correct explanation for (A)

Explanation:

The correct answer is Option 1: Both Assertion (A) and Reason (R) are true and (R) is the correct explanation for (A).

Assertion: A central feature of globalisation is the increasing extension and integration of markets around the world. – Correct. Globalisation connects national economies by integrating markets for goods, services, capital, technology, and labour across countries.

Reason: Changes in a market in one part of the globe may have a profound impact somewhere else far away. – Correct. As markets become increasingly interconnected, economic changes in one country can quickly affect production, trade, prices, investment, and employment in other countries.

Reasoning explains Assertion? – Yes. The integration of markets means that economies become interdependent. Therefore, changes in one market can influence markets across the world, making the Reason the correct explanation of the Assertion