Which of the following in Indian context implies Globalization 1 Opening of the economy to foreign d...........

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Which of the following in Indian context implies Globalization?

1. Opening of the economy to foreign direct investment

2. Removing restriction and obstacles to the entry of multinational companies in India

3. Allowing Indian companies to enter into foreign collaboration in India and

also encouraging them to set up joint ventures abroad

4. Carrying out massive import liberalization programmes.

Select the correct answer using the code given below

1, 2 and 3 only

2, 3 and 4 only

1, 2 and 4 only

All of them

Explanation:

Class 12 – Book Name – India people and economy – Page No. 98.

Opening of the economy to foreign direct investment.
Removing restriction and obstacles to the entry of multinational companies in India.
Allowing Indian companies to enter into foreign collaboration in India and also encouraging them to set up joint ventures abroad.
Carrying out massive import liberalization programmes.