Question : Assertion: Globalization has facilitated the integration of economies and markets worldwide.
Reason: Increased interconnectivity has enabled the seamless flow of goods, services, and capital.
Option 1: Both assertion and reason are true, and the reason is the correct explanation of the assertion.
Option 2: Both assertion and reason are true, but the reason is not the correct explanation of the assertion.
Option 3: Assertion is true, but the reason is false.
Option 4: Assertion is false, but the reason is true.
Correct Answer: Both assertion and reason are true, and the reason is the correct explanation of the assertion.
Solution : The correct answer is (a) Both assertion and reason are true, and the reason is the correct explanation of the assertion.
Globalization has indeed facilitated the integration of economies and markets worldwide. The increased interconnectivity brought about by advancements in transportation, communication, and technology has enabled the seamless flow of goods, services, and capital across borders. This has led to increased trade, investment, and economic interdependence between nations, resulting in the integration of economies and markets on a global scale. The reason provided correctly explains how increased interconnectivity has enabled this integration.
