Explanation:

- Buyer Market (Option 1):

- Correct Answer

- Globalization has increased consumer choices.

- Buyers have access to diverse products and services.

- Variety and competition favor consumers.

- Seller Market (Option 2):

- Focuses on sellers; supply may not meet demand.

- Less applicable to globalized India with ample choices.

- Monopoly Market (Option 3):

- Dominated by a single seller; competition is minimal.

- Unlikely in a globalized environment where multiple players exist.

- All of the above (Option 4):

- Cannot logically coexist due to competing definitions.

- Globalization encourages competition, not monopoly.