2023 · Q35
Which of the following statements about globalization is/are correct?
- 1It has fuelled the spread of trans- border currencies, digital cash and global credit cards.
- 2Securities markets have gained a global dimension with the development of electronic round- the- world trading.
Select the correct answer using the code given below.
Population, Development and GlobalizationGlobalization
- A1 only
- B2 only
- CBoth 1 and 2
- DNeither 1 nor 2
Explanation
Globalisation has spread trans-border currencies, digital cash and global credit cards (statement 1), and electronic round-the-clock trading has given securities markets a global dimension (statement 2); both are textbook features of financial globalisation. Hence both are correct, option C.