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Directions: In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:
Assertion: Economic globalization involves many actors other than the international institutions. A Reason: What is often called economic globalization usually involves greater economic flows among different countries of the world.
  • a)
    Both (A) and (R) are true, but (R) is the correct explanation of (A).
  • b)
    Both (A) and (R) are true, but (R) is not the correct explanation of (A).
  • c)
    (A) is true, but (R) is false.
  • d)
    (A) is false, but (R) is true.
Correct answer is option 'B'. Can you explain this answer?
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Directions: In the following questions, a statement of Assertion (A) ...
Economic globalization is the development of trade systems within transnational actors such as corporations or NGOs; Financial globalization: can be linked with the rise of a global financial system with international financial exchanges and monetary exchanges.
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Directions: In the following questions, a statement of Assertion (A) ...
Assertion: Economic globalization involves many actors other than the international institutions.
Reason: What is often called economic globalization usually involves greater economic flows among different countries of the world.

The correct answer is option 'B': Both (A) and (R) are true, but (R) is not the correct explanation of (A).

Explanation:
Definition of Economic Globalization:
Economic globalization refers to the increasing interconnectedness and interdependence of economies around the world through the exchange of goods, services, capital, and technology. It involves the integration of national economies into the international economy, leading to the expansion of trade, investment, and financial flows between countries.

Explanation of Assertion:
The assertion states that economic globalization involves many actors other than international institutions. This means that it is not only the international institutions like the World Trade Organization (WTO), International Monetary Fund (IMF), or World Bank that play a role in economic globalization. Instead, there are various other actors involved such as multinational corporations, governments, non-governmental organizations (NGOs), and individual consumers. These actors contribute to the processes and dynamics of economic globalization through their actions and decisions.

Explanation of Reason:
The reason states that what is often called economic globalization usually involves greater economic flows among different countries of the world. This means that economic globalization is characterized by increased trade, investment, and financial transactions between nations. It leads to the integration of national economies and the expansion of economic interactions across borders. The reason provides a general description of economic globalization, emphasizing the greater economic flows among different countries.

Analysis:
Both the assertion and the reason are true. Economic globalization does involve many actors other than international institutions. However, the reason provided does not directly explain why economic globalization involves many actors. It only provides a general description of economic globalization, without addressing the role of different actors in the process. Therefore, the reason is not the correct explanation of the assertion.

Conclusion:
In conclusion, economic globalization involves many actors other than international institutions, and it is characterized by greater economic flows among different countries. However, the reason provided does not directly explain why economic globalization involves many actors. Hence, the correct answer is option 'B'.
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Read the passage given below and answer the questions that follows:While everything may not be known about the economic facets of globalisation, this particular dimension shapes a large part of the content and direction of contemporary debates surrounding globalisation. A part of the problem has to do with defining economic globalisation itself. The mention of economic globalisation draws our attention immediately to the role of international institutions like the IMF and the WTO and the role they play in determining economic policies across the world. Yet, globalisation must not be viewed in such narrow terms. Economic globalisation involves many actors other than these international institutions. A much broader way of understanding of economic globalisation requires us to look at the distribution of economic gains, i.e. who gets the most from globalisation and who gets less, indeed who loses from it. What is often called economic globalisation usually involves greater economic flows among different countries of the world. Some of this is voluntary and some forced by international institutions and powerful countries. As we saw in the examples at the beginning of this chapter, this flow or exchange can take various forms: commodities, capital, people and ideas. Globalisation has involved greater trade in commodities across the globe; the restrictions imposed by different countries on allowing the imports of other countries have been reduced. Similarly, the restrictions on movement of capital across countries have also been reduced. In operational terms, it means that investors in the rich countries can invest their money in countries other than their own, including developing countries, where they might get better returns.Q. In terms of trade, what is the impact of globalisation?

Read the passage given below and answer the questions that follows:While everything may not be known about the economic facets of globalisation, this particular dimension shapes a large part of the content and direction of contemporary debates surrounding globalisation. A part of the problem has to do with defining economic globalisation itself. The mention of economic globalisation draws our attention immediately to the role of international institutions like the IMF and the WTO and the role they play in determining economic policies across the world. Yet, globalisation must not be viewed in such narrow terms. Economic globalisation involves many actors other than these international institutions. A much broader way of understanding of economic globalisation requires us to look at the distribution of economic gains, i.e. who gets the most from globalisation and who gets less, indeed who loses from it. What is often called economic globalisation usually involves greater economic flows among different countries of the world. Some of this is voluntary and some forced by international institutions and powerful countries. As we saw in the examples at the beginning of this chapter, this flow or exchange can take various forms: commodities, capital, people and ideas. Globalisation has involved greater trade in commodities across the globe; the restrictions imposed by different countries on allowing the imports of other countries have been reduced. Similarly, the restrictions on movement of capital across countries have also been reduced. In operational terms, it means that investors in the rich countries can invest their money in countries other than their own, including developing countries, where they might get better returns.Q. Where does economic globalisation draw our attention to?

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Directions: In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:Assertion: Economic globalization involves many actors other than the international institutions. A Reason: What is often called economic globalization usually involves greater economic flows among different countries of the world.a)Both (A) and (R) are true, but (R) is the correct explanation of (A).b)Both (A) and (R) are true, but (R) is not the correct explanation of (A).c)(A) is true, but (R) is false.d)(A) is false, but (R) is true.Correct answer is option 'B'. Can you explain this answer?
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Directions: In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:Assertion: Economic globalization involves many actors other than the international institutions. A Reason: What is often called economic globalization usually involves greater economic flows among different countries of the world.a)Both (A) and (R) are true, but (R) is the correct explanation of (A).b)Both (A) and (R) are true, but (R) is not the correct explanation of (A).c)(A) is true, but (R) is false.d)(A) is false, but (R) is true.Correct answer is option 'B'. Can you explain this answer? for Humanities/Arts 2024 is part of Humanities/Arts preparation. The Question and answers have been prepared according to the Humanities/Arts exam syllabus. Information about Directions: In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:Assertion: Economic globalization involves many actors other than the international institutions. A Reason: What is often called economic globalization usually involves greater economic flows among different countries of the world.a)Both (A) and (R) are true, but (R) is the correct explanation of (A).b)Both (A) and (R) are true, but (R) is not the correct explanation of (A).c)(A) is true, but (R) is false.d)(A) is false, but (R) is true.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for Humanities/Arts 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Directions: In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:Assertion: Economic globalization involves many actors other than the international institutions. A Reason: What is often called economic globalization usually involves greater economic flows among different countries of the world.a)Both (A) and (R) are true, but (R) is the correct explanation of (A).b)Both (A) and (R) are true, but (R) is not the correct explanation of (A).c)(A) is true, but (R) is false.d)(A) is false, but (R) is true.Correct answer is option 'B'. Can you explain this answer?.
Solutions for Directions: In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:Assertion: Economic globalization involves many actors other than the international institutions. A Reason: What is often called economic globalization usually involves greater economic flows among different countries of the world.a)Both (A) and (R) are true, but (R) is the correct explanation of (A).b)Both (A) and (R) are true, but (R) is not the correct explanation of (A).c)(A) is true, but (R) is false.d)(A) is false, but (R) is true.Correct answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for Humanities/Arts. Download more important topics, notes, lectures and mock test series for Humanities/Arts Exam by signing up for free.
Here you can find the meaning of Directions: In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:Assertion: Economic globalization involves many actors other than the international institutions. A Reason: What is often called economic globalization usually involves greater economic flows among different countries of the world.a)Both (A) and (R) are true, but (R) is the correct explanation of (A).b)Both (A) and (R) are true, but (R) is not the correct explanation of (A).c)(A) is true, but (R) is false.d)(A) is false, but (R) is true.Correct answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Directions: In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:Assertion: Economic globalization involves many actors other than the international institutions. A Reason: What is often called economic globalization usually involves greater economic flows among different countries of the world.a)Both (A) and (R) are true, but (R) is the correct explanation of (A).b)Both (A) and (R) are true, but (R) is not the correct explanation of (A).c)(A) is true, but (R) is false.d)(A) is false, but (R) is true.Correct answer is option 'B'. Can you explain this answer?, a detailed solution for Directions: In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:Assertion: Economic globalization involves many actors other than the international institutions. A Reason: What is often called economic globalization usually involves greater economic flows among different countries of the world.a)Both (A) and (R) are true, but (R) is the correct explanation of (A).b)Both (A) and (R) are true, but (R) is not the correct explanation of (A).c)(A) is true, but (R) is false.d)(A) is false, but (R) is true.Correct answer is option 'B'. Can you explain this answer? has been provided alongside types of Directions: In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:Assertion: Economic globalization involves many actors other than the international institutions. A Reason: What is often called economic globalization usually involves greater economic flows among different countries of the world.a)Both (A) and (R) are true, but (R) is the correct explanation of (A).b)Both (A) and (R) are true, but (R) is not the correct explanation of (A).c)(A) is true, but (R) is false.d)(A) is false, but (R) is true.Correct answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Directions: In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:Assertion: Economic globalization involves many actors other than the international institutions. A Reason: What is often called economic globalization usually involves greater economic flows among different countries of the world.a)Both (A) and (R) are true, but (R) is the correct explanation of (A).b)Both (A) and (R) are true, but (R) is not the correct explanation of (A).c)(A) is true, but (R) is false.d)(A) is false, but (R) is true.Correct answer is option 'B'. Can you explain this answer? tests, examples and also practice Humanities/Arts tests.
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