Question

Read the passage given below carefully and answer the questions that follow: 

Globalisation as a concept fundamentally deals with flows. These flows could be of various kinds - ideas moving from one part of the world to another, capital shunted between two or more places, commodities being traded across borders and people moving in search of better livelihoods to different parts of the world. The crucial element is the ‘worldwide interconnectedness’ that is created and sustained as a consequence of these constant flows.

1. ‘Worldwide interconnectedness’ is also known as ______.
   1. Globalisation
   2. Liberalisation
   3. Socialisation
   4. Privatisation
2. Dimensions of globalisation are ______.
   1. political, social and spiritual
   2. social, economic and geographical
   3. political, economic and environmental
   4. political, social and economic
3. Which among the following increases economic activities?
   1. Decline in employment
   2. Increase m the index of poverty
   3. Strong global economic growth
   4. Great decline in the trade
4. Which one of the following is an impact of globalisation?
   1. The power of the states has increased.
   2. New trade barriers have been imposed.
   3. Choice of the customer has increased.
   4. It has given a boost to local industries.

Answer 1

1. ‘Worldwide interconnectedness’ is also known as Globalisation.
2. Dimensions of globalisation are political, social and economic.
3. Strong global economic growth
4. Choice of the customer has increased