Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

General Knowledge

Topic

Economics

Question:

What is the term given to "The rapid integration or interconnection between countries"? Choose the correct answer from the given options.

Options:

Privatization 

Liberalization

Globalization

All of the above

Correct Answer:

Globalization

Explanation:

Globalization is this process of rapid integration or interconnection between countries. MNCs are playing a major role in the globalization process. More and more goods and services, investments and technology are moving between countries. Most regions of the world are in closer contact with each other than a few decades back.