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.
Question : Assertion: Globalization has facilitated the exchange of ideas and cultural diversity.
Reason: Increased connectivity has allowed for the sharing of knowledge and values among different societies.
Question : Assertion: Globalization is an outcome of the set of various policies that are aimed at transforming the world towards greater interdependence and integration.
Reason: Globalization is a strategy of developed countries to expand their
Question : Assertion: Outsourcing has enabled companies to access specialized skills and expertise.
Reason: Outsourcing allows companies to leverage the capabilities of other firms in specific areas.
Question : Assertion: Mixed economy combines elements of both market and command economies.
Reason: Mixed economies rely solely on government intervention to allocate resources effectively.
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