Question : Globalisation means
Option 1: Integration of economy
Option 2: Integration of financial market
Option 3: Integration of the domestic economy with the world economy
Option 4: integration of the various sector of the economy
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Correct Answer: Integration of the domestic economy with the world economy
Solution : The correct option is integration of the domestic economy with the world economy.
The process of integrating a nation's economy with the global economy through trade, investment, technology transfer, and the flow of information is referred to as globalization. It entails removing obstacles that prevent the free flow of people, capital, goods, and services across international frontiers. This integration, which has significantly shaped the modern world, can have both beneficial and detrimental repercussions on a nation's economy, society, and culture.
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