SSC MTS EXAM

SSC

INDIAN ECONOMY

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Improvement in transport has helped in promotion of
A
globalisation
B
liberalisation
C
privatisation
D
none of these
Explanation: 

Detailed explanation-1: -Faster train connections and increased supply and quality of transport services reduce the costs of personal mobility and freight transport. This makes trade in goods and services more profitable and communication and interaction between people easier.

Detailed explanation-2: -Rapid improvement in technology has been one major factor that has stimulated the globalisation process. For instance, the past fifty years have seen several improvements in transportation technology. This has made much faster delivery of goods across long distances possible at lower costs.

Detailed explanation-3: -Faster transportation has played a very important role in the part of globalization as it has helped people to go from one place to another in less time and helped their business to grow in many ways.

There is 1 question to complete.