Direction : In the given question, statements with two blanks are stated. Each blank can be filled with more than one option. Find the combination/s which can most suitably complete the sentence without altering the meaning of the statement.
Economic globalization is the increasing economic ______ of national economies across the world through a rapid increase in cross-border movement of goods, services, technology, and capital. Whereas the globalization of business is centred around the ________ of international trade regulations as well as tariffs, taxes, and other impediments that suppresses global trade, economic globalization is the process of increasing economic integration between countries, leading to the emergence of a global marketplace or a single world market.
I. Interdependence
II. Rivalry
III. Diminution
IV. Tyranny
V. Specious
This questions was previously asked in
IBPS PO Mains-2017
No combination fits
Incorrect AnswerExplanation:
- The sentence describes economic globalization and the globalization of business.
- The first blank needs a word that signifies a connection between national economies.
- "Interdependence" (I) fits as it means mutual reliance.
- "Rivalry" (II) doesn't fit as it's about competition, not connection.
- The second blank requires a term related to reducing regulations or obstacles.
- "Diminution" (III) fits, as it means reduction or diminishment of something.
- "Tyranny" (IV) and "Specious" (V) are inappropriate as they don't convey reduction.
Correct Answer: Option 3 - I-III
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By: Parvesh Mehta