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‘Globalisation is… (Class 12 Economics SQP 2024-25, Q28B)

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EconomicsCBSE Class 12 · Sample paper, session 2024-25 · 3 marks · Short answer

CBSE Class 12 Economics sample paper 2024-25: question 28(B)

From the official CBSE sample question paper for 2024-25, section B, question 28(B), for 3 marks. Try it first; the hints and our step-by-step solution are below.

Q28(B) · 3 marks · Short answerLiberalisation, Privatisation and Globalisation: An Appraisal

‘Globalisation is an essential outcome of liberalisation of an economy’.
Justify the given statement with a valid explanation.

Source: official sample paper from cbseacademic.nic.in (PDF). See it in the full Sample paper 2024-25.

Hints

Open one hint at a time and try again before the next.

Hint 1

What did liberalisation remove?

Hint 2

Without open borders, can an economy globalise?

Step-by-step solution

Each step shows the marks it earns, as an examiner would award them. Checked by an independent re-solve from the question paper.

  1. Liberalisation removed or reduced restrictions on industry, finance, trade and foreign investment.

    1 mark

  2. This opened the Indian economy to the rest of the world: imports and exports rose, and foreign investment and technology came in.

    1 mark

  3. So liberalisation acted as a catalyst for globalisation, integrating the Indian economy with the global economy.

    1 mark

Answer: Liberalisation removed trade and investment barriers, which opened India to the world and led to its integration with the global economy.

Where the marks are

  • Justification (marked as a whole, 3)

Revise the chapter

Practise this chapterBoard-style questions from Liberalisation, Privatisation and Globalisation: An Appraisal, one at a time, marked against the answer key and marking points.Back to the full paperSample paper 2024-25: every question, by section.

The question is transcribed from the official paper; figures are described in words. The solution, hints and chapter tag are ours. Spotted an error? Write tosupport@questionbuddy.in.