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Match the items given in Column I with those in column II and select the correct option.

Matrix:

Column I

Column II
(a)
Technology
(i)
Company that owns or controls production in more than one nation
(b)
Globalization
(ii)
Connects the markets or integration of markets in different countries
(c)
Foreign Trade
(iii)
Process of rapid integration or interconnection between countries
(d)
Multinational Corporations (MNCs)
(iv)
Stimulated the globalization process

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a-i; b-ii; c-iv; d-iii

a-i; b-ii; c-iii; d-iv

a-iii; b-ii; c-i; d-iv

a-iv; b-iii; c-ii; d-i

answer is D.

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Detailed Solution

1)      It is well known that technology stimulated the globalization process greatly through the services of information and communication technology, e.g., telecommunications, computers, the internet, etc.
2)      The process of rapid integration or interconnection between countries is known as globalization.
3)      Foreign trade and investment connect the markets or integrate the needs of different countries.
4)      Multinational corporations (MNCs) own and control the production in more than one country. They might even sell their goods and services in multiple countries worldwide. They help in the interconnection of countries and play a significant role in globalization.

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