Question
Social Science Question on Globalization and Indian Economy
Which one of the following statements best describes the meaning of ‘Globalization’?
A
Removal of tax barriers on trade
B
Providing higher standard of living
C
Process of rapid integration between countries
D
Taking special steps to attract foreign companies
Answer
Process of rapid integration between countries
Explanation
Solution
Globalization refers to the interconnectedness of countries through trade, investment, technology, and cultural exchange, enabling rapid integration of global economies.