Comprehension
Read the given passage carefully and answer the next five questions.
In many ways it was a major political change, namely, the collapse of the erstwhile socialist world that hastened globalisation and also gave a specific economic and political approach to the economic policies that underpin globalisation. These changes are often termed as neo-liberal economic measures. We have already seen what concrete steps the liberalisation policy took in India. Broadly, these policies reflect a political vision of free enterprise which believes that a free reign to market forces will be both efficient and fair. It is, therefore, critical of both State regulation and State subsidies. The existing process of Globalisation in this sense does have a political vision as much as an economic vision.
In many ways it was a major political change, namely, the collapse of the erstwhile socialist world that hastened globalisation and also gave a specific economic and political approach to the economic policies that underpin globalisation. These changes are often termed as neo-liberal economic measures. We have already seen what concrete steps the liberalisation policy took in India. Broadly, these policies reflect a political vision of free enterprise which believes that a free reign to market forces will be both efficient and fair. It is, therefore, critical of both State regulation and State subsidies. The existing process of Globalisation in this sense does have a political vision as much as an economic vision.
Question: 1
What does the term ‘liberalisation policy’ refer to in the given passage?
What does the term ‘liberalisation policy’ refer to in the given passage?
Updated On: Oct 30, 2024
- Regulation of State subsidies
- Regulation of market forces
- Regulation of social welfarism
- De-regulation of market forces
Hide Solution
Verified By Collegedunia
The Correct Option is D
Solution and Explanation
In the context of the passage, liberalisation refers to the de-regulation of market forces, allowing greater freedom for economic activities and reducing state intervention.
Was this answer helpful?
0
0
Question: 2
What is the central political vision reflected in the economic policies underpinning Globalisation?
What is the central political vision reflected in the economic policies underpinning Globalisation?
Updated On: Oct 30, 2024
- Free enterprise
- State subsidies
- Centralized power
- State regulation
Hide Solution
Verified By Collegedunia
The Correct Option is A
Solution and Explanation
The central political vision reflected in globalisation is that of free enterprise, where market forces operate with minimal interference from the state.
Was this answer helpful?
0
0
Question: 3
What is the economic measure that accompanied the collapse of the socialist world and the advent of Globalisation?
What is the economic measure that accompanied the collapse of the socialist world and the advent of Globalisation?
Updated On: Oct 30, 2024
- Conservative measures
- Welfare measures
- Neo-liberal measures
- Protectionist measures
Hide Solution
Verified By Collegedunia
The Correct Option is C
Solution and Explanation
The collapse of the socialist world was accompanied by the adoption of neo-liberal economic measures that focused on reducing state control and encouraging market-based growth.
Was this answer helpful?
0
0
Question: 4
What major political change is highlighted in the passage?
What major political change is highlighted in the passage?
Updated On: Oct 30, 2024
- Collapse of Welfare State
- Collapse of Capitalist State
- Collapse of Socialist State
- Collapse of trade protectionism
Hide Solution
Verified By Collegedunia
The Correct Option is C
Solution and Explanation
The passage highlights the collapse of the socialist state, which led to significant changes in global economic policies, especially the rise of globalisation.
Was this answer helpful?
0
0
Question: 5
According to the passage, what is the political vision behind Globalisation?
According to the passage, what is the political vision behind Globalisation?
Updated On: Oct 30, 2024
- It supports State regulation
- It is critical of State regulation
- It advocates for Socialist State
- It advocates for State subsidies
Hide Solution
Verified By Collegedunia
The Correct Option is B
Solution and Explanation
The passage describes a political vision behind globalisation that is critical of both state regulation and state subsidies, favoring a free market approach.
Was this answer helpful?
0
0
Top Questions on Social Change and the Economy
- Read the passage carefully and answer the questions that follow:
The process of making Bidis starts in forested villages where villagers pluck Tendu leaves and sell it to the forest department or a private contractor who in turn sells it to the forest department. On average a person can collect 100 bundles (of 50 leaves each) a day. The government then auctions the leaves to Bidi factory owners who give it to contractors. The contractor in turn supplies tobacco and leaves to home-based workers. These workers, mostly women, roll the bidis first dampening the leaves, then cutting them, filling in tobacco evenly and then tying them with thread. The contractor picks up these bidis and sells them to the manufacturer who roasts them and sells them and puts his own brand label. The manufacturer then sells them to a distributor who distributes the packed bidis to wholesalers who in turn sell to your neighborhood pan shops.- CUET (UG) - 2024
- Sociology
- Social Change and the Economy
- What was the central demand of Bardoli Satyagraha?
- CUET (UG) - 2024
- Sociology
- Social Change and the Economy
- Which of the following are post-liberalisation developments in India?
[(A)] Ikea store in Hyderabad
[(B)] ICICI-Lombard selling insurance
[(C)] HYV seeds
[(D)] MTV
Choose the correct answer from the options given below:- CUET (UG) - 2024
- Sociology
- Social Change and the Economy
- Who established the Textile Labour Association (TLA)?
- CUET (UG) - 2024
- Sociology
- Social Change and the Economy
- Which among these are the consequences of the Green Revolution?
(A) Led to regional inequalities
(B) Increasing mechanisation in agriculture led to displacement of service caste groups
(C) Increase in violence among landed vs landless workers
(D) It was primarily the medium and large farmers who were able to benefit from the new technology
Choose the correct answer from the options given below:- CUET (UG) - 2024
- Sociology
- Social Change and the Economy
View More Questions
Questions Asked in CUET exam
- A molecule X associates in a given solvent as per the following equation:
X ⇌ (X)n
For a given concentration of X, the van’t Hoff factor was found to be 0.80 and the
fraction of associated molecules was 0.3. The correct value of ‘n’ is:- CUET (UG) - 2024
- Solutions
- Who devised the concept of Intelligence Quotient (IQ)?
- CUET (UG) - 2024
- Psychological attributes
- Two pipes A and B can fill a tank in 32 minutes and 48 minutes respectively. If both the pipes are opened simultaneously, after how much time B should be turned off so that the tank is full in 20 minutes?
- CUET (UG) - 2024
- Time and Work
- If \(A = \begin{bmatrix} 3 & 2 \\ -1 & 1 \end{bmatrix} \quad \text{and} \quad B = \begin{bmatrix} -1 & 0 \\ 2 & 5 \\ 3 & 4 \end{bmatrix},\)then \((BA)^T\) is equal to:
- CUET (UG) - 2024
- Matrices
- The spin-only magnetic moment of Hexacyanomanganate(II) ion is.........BM
- CUET (UG) - 2024
- Magnetic moment
View More Questions