Question

1. Which of the following factors has not facilitated globalisation?
(a) Technology. (b) Liberlisation of trade. (c) WTO
(d) Nationalisation of banks​

Answer 1

(d) Nationalisation of banks  has not facilitated globalisation

Explanation:

• Nationalisation of banks in India initiated in 1969 because of socialistic principles of government.
• Liberalisation, Privatisation and Globalisation (LPG) reforms started in  1991.
• Technology intrusion, Liberalisation of trade and emergence of World Trade Organisation were started after 1991 LPG reforms.
• These reforms opens the Indian market to foreign companies which results in people of India gets the cheapest goods, domestic companies faced the competition from Multi-national companies and service-led growth.

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Answer 2

Answer:

nationalisation of banks