Question : Name the term/process which means integrating the economy with the rest of the world?
Option 1: Liberalisation
Option 2: Privatisation
Option 3: Globalisation
Option 4: None of the above
Answer (1)
25th Jan, 2024
Correct Answer: Globalisation
Solution :
Globalisation refers to integration of activities of whole world i.e. encourage foreign private participation in industrial development.
Hence, option 3 is the correct answer.
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