Globalisation is an outcome of a set of various policies. What are these policies aimed at?
Answer & explanation
Correct answer: option 1
The correct answer is Option (1) → Transforming the world towards greater interdependence and integration
Globalisation is the outcome of policies aimed at transforming the world towards greater interdependence and integration.
Protecting home industries is the opposite of these aims. Controlling inflation in the short run is a stabilisation aim, and changing the RBI’s role is a financial sector reform.
NCERT (2026-27): “3.5 Globalisation Although globalisation is generally understood to mean integration of the economy of the country with the world economy, it is a complex phenomenon. It is an outcome of the set of various policies that are aimed at transforming the world towards greater interdependence and integration. It involves creation of networks and activities transcending economic, social and geographical boundaries. 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.” |