Central features of globalisation are.
A. Increasing extension of market around the world
B. Integration of markets around the world
C. Restricting markets around the world
D. Decreasing extension of market around the world
Choose the correct answer from the options given below:
Answer & explanation
Correct answer: option 1
The correct answer is Option (1) → A and B only
A. Increasing extension of market around the world Correct. With globalisation, markets reach more and more places and spheres of life across the world, as commodities, money, information and people move between countries.
B. Integration of markets around the world Correct. The markets of different countries become linked to one another, so that a change in a market in one part of the globe may have a profound impact far away. India’s software industry, for instance, may face a slump if the U.S. economy does badly.
C. Restricting markets around the world Incorrect. Globalisation opens markets to trade across borders; restricting them is the opposite of it.
D. Decreasing extension of market around the world Incorrect. Globalisation increases the reach of markets; it does not shrink it.
NCERT (2025-26): “4.3 GLOBALISATION – INTERLINKING OF LOCAL, REGIONAL, NATIONAL AND INTERNATIONAL MARKETS … The term globalisation includes a number of trends, especially the increase in international movement of commodities, money, information, and people, as well as the development of technology (such as in computers, telecommunications, and transport) and other infrastructure to allow this movement. A central feature of globalisation is the increasing extension and integration of markets around the world. This integration means that changes in a market in one part of the globe may have a profound impact somewhere else far away.…” |