Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

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

Question:

Which of the following option implies free interaction among all the countries in fields like trade, technology etc.?

Options:

Liberalisation

Privatisation

Globalisation

Glocalisation

Correct Answer:

Globalisation

Explanation:

Globalisation is understood as the integration of the economy of the country with the world economy. It implies free interaction among all the countries in fields like trade, technology etc. Globalisation attempts to establish links in such a way that the happenings in India can be influenced by events happening miles away. It is turning the world into one whole or creating a borderless world.