In the following statements, which are correct explanation about globalization

A. Globalisation is a multi-dimensional concept.
B. Globalisation is about the flows of ideas, capital, commodities and people.
C. Globalisation does not affect traditional conceptions of state sovereignty.
D. Globalisation is purely an economic phenomenon.
E. Globalisation inevitably results in cultural homogeneity.

Choose the correct answer from the options given below:

A, B, E only

The correct answer is Option 3 - A, B, E only

A. Globalisation is a multi-dimensional concept. (Correct). Globalisation includes economic, political, cultural, and social dimensions.

B. Globalisation is about the flows of ideas, capital, commodities and people. (Correct). Globalisation increases interconnectedness through the movement of goods, services, ideas, technology, and people across countries.

C. Globalisation does not affect traditional conceptions of state sovereignty. Incorrect. Globalisation does affect state sovereignty because international organizations, multinational companies, and global agreements can influence national policies.

D. Globalisation is purely an economic phenomenon. Incorrect. It is not limited to economics; it also has political, social, and cultural aspects.

E. Globalisation inevitably results in cultural homogeneity. (Correct). Globalisation often spreads similar lifestyles, consumer culture, and media influences across countries, leading toward cultural uniformity (often called "MacDonaldization" or Westernization). 

NCERT: "The consequences of globalisation are not confined only to the sphere of politics and economy. Globalisation affects us in our home, in what we eat, drink, wear and indeed in what we think. It shapes what we think are our preferences. The cultural effect of globalisation leads to the fear that this process poses a threat to cultures in the world. It does so, because globalisation leads to the rise of a uniform culture or what is called cultural homogenisation. "