The Correct answer is Option 4. Explanation & Key Takeaways: The passage clearly concludes that globalization has moved society away from the goal of greater social welfare due to the combined impact of poverty, employment issues, and rising inequality. • Poverty persists, with a large section of the population living in multidimensional and extreme poverty. • Employment growth has slowed, especially in the public sector, weakening poverty alleviation. • Inequality has intensified, with wealth and income increasingly concentrated in the hands of a small section of the population. The passage explicitly states that “all these conditions related to poverty, employment and inequality make us realise that we are moving further away from the state of greater social welfare.” Therefore, the correct answer is Option 4: All of the above.