Question

Which of the following factors significantly contribute to the process of globalisation? Select the correct options.

1. Expansion of Multinational Corporations (MNCs).

2. Advancements in information and communication technology.

3. Nationalisation and trade barriers.

4. Cross-border movement of people for jobs and education.

Options:

(A) Statements 1 and 2 are appropriate.

(B) Statements 1, 2 and 3 are appropriate.

(C) Statements 2, 3 and 4 are appropriate

(D) Only statement 3 is appropriate

Answer 1

Correct option is (B) Statements 1, 2 and 3 are appropriate.

The factors significantly contribute to the process of globalisation are the expansion of Multinational Corporations (MNCs), advancements in information and communication technology and nationalisation and trade barriers.