Target Exam

CUET

Subject

Geography

Chapter

Fundamentals of Human Geography: International Trade

Question:

The act of opening up economies for trading is known as ___________.

Options:

Free Trade

Trade Liberalisation

Globalisation

Both 1 and 2

Correct Answer:

Both 1 and 2

Explanation:

The correct answer is Option 4: Both 1 and 2

NCERT: The act of opening up economies for trading is known as free trade or trade liberalisation. This is done by bringing down trade barriers like tariffs.