2013 · Q115
Which of the following statements related to globalisation is/are correct?
- 1It has resulted in the change of scale in economic activities.
- 2End of Cold War facilitated globalization.
- 3Flow of money in transnational corporations is discouraged.
Select the correct answer using the code given below.
indian-polity-economyeconomy-trade
- A1 and 2
- BOnly 1
- C2 and 3
- DAll of these
Explanation
Globalisation changed the scale of economic activity and the end of the Cold War facilitated it, while transnational money flows were encouraged, not discouraged - statements 1 and 2 are correct.