Question

<!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> Who defined globalization as 'Economic interdependence of countries worldwide through increasing volume and variety of cross-border transactions in goods and services, capital flow, and rapid and widespread diffusion of technology.'?

• A. <!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> World Bank
• B. <!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> International Monetary Fund
• C. <!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> Indian Economic Trade Organisation
• D. <!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> World Trade Organization

Answer 1

The correct option is B <!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> International Monetary Fund

Globalization is a process of interconnection and integration between countries where goods, services, capital, and technology are exchanged without any boundaries.

The International Monetary Fund is an international organisation that promotes global financial stability and facilitates international trade.