SSC CGL 2025 PYQ — Question 31

The correct answer is option 2 i.e. Globalisation.

Globalisation, introduced as part of the 1991 New Economic Policy (NEP) alongside Liberalisation and Privatisation, was the key reform that enabled Multinational Corporations (MNCs) to enter India.

By reducing trade barriers, simplifying Foreign Direct Investment (FDI) norms, and integrating the Indian economy with the global market, it allowed foreign companies to set up operations and compete locally. This shift transformed India from a closed, protectionist economy into a major global hub for trade, technology transfer, and international services.