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Single Answer MCQ
Q-00002712

Define globalisation and explain how it impacts the Indian economy.

1

Increased trade and investment across borders

2

Isolation from international markets

3

Limited cultural exchange

4

Decreased foreign direct investment

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Sandeep Chaturvedi

Sandeep Chaturvedi

CBSE Social Science & Humanities Reviewer

Social science and humanities educator with 14+ years of experience reviewing CBSE SST, economics, commerce, arts, and vocational content.

M.A. HistoryM.A. Political ScienceB.Ed.

Answer and Solution

Answer

A. Increased trade and investment across borders

Solution:

Globalisation refers to the increased interconnectedness and interdependence of countries through trade, investment, and technology. It impacts the Indian economy by opening up markets, attracting foreign investment, and promoting economic growth.

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