Read the given passage carefully and answer the next five questions.

In many ways it was a major political change, namely, the collapse of the erstwhile socialist world that hastened globalisation and also gave a specific economic and political approach to the economic policies that underpin globalisation. These changes are often termed as neo-liberal economic measures. We have already seen what concrete steps the liberalisation policy took in India. Broadly, these policies reflect a political vision of free enterprise which believes that a free reign to market forces will be both efficient and fair. It is, therefore, critical of both State regulation and State subsidies. The existing process of Globalisation in this sense does have a political vision as much as an economic vision.

According to the passage, what is the political vision behind Globalisation?

The correct option is: It is critical of State regulation

Step-by-step Explanation:

1. Analyze the Question: The question asks to identify the political vision behind globalisation as described in the provided passage.

2. Locate Relevant Information in the Passage: Looking closely at the passage, it discusses the economic and political approach underlying globalisation, referring to these changes as "neo-liberal economic measures."

3. Identify the Specific Political Vision: The passage explicitly details this vision by stating: "Broadly, these policies reflect a political vision of free enterprise which believes that a free reign to market forces will be both efficient and fair."

4. Determine the Attitude Towards State Regulation: Immediately following the description of the free enterprise vision, the passage states: "It is, therefore, critical of both State regulation and State subsidies."

5. Match with the Options: This direct statement aligns perfectly with the option "It is critical of State regulation", confirming it as the correct answer based strictly on the text.