Economic Awareness - Sectors of Indian Economy
Which of the following best describes the term 'Globalization' in the context of the Indian economy?
Which of the following best describes the term 'Globalization' in the context of the Indian economy?
easy Q1 of 15
Step-by-Step Solution
Step 1: Understand the concept
Globalization refers to the process of integrating a country's economy with the global economy, mainly through trade, investment, and technology exchange.Step 2: Analyze options
Complete government control and nationalization contradict globalization, while isolation opposes integration. Integration through trade and investment correctly defines globalization.Final Answer:
Integration of Indian economy with the world economy through trade and investment → Option BQuick Check:
Globalization = Integration with world economy ✅
Quick Trick: Globalization means opening up to global markets.
Common Mistakes:
MISTAKES- Confusing globalization with government control or isolation.
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