Match the explanation in List - I with t

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Target Exam

CUET

Subject

Sociology

Chapter

Social Change and Development in India: Globalisation and Social Change

Question:

Match the explanation in List - I with the concept in List - II.

List – I Explanation	List – II Concept
(A) Opening up of a country's economy to world market	(I) Transnational corporations
(B) Workforce involved in design and development	(II) Electronic economy
(C) Firms having more than one company in many countries	(III) Liberalization
(D) Able to make transactions without physical presence	(IV) Knowledge economy

Choose the correct answer from the options given below:

Options:

(A)-(III), (B)-(II), (C)-(I), (D)-(IV)

(A)-(III), (B)-(I), (C)-(II), (D)-(IV)

(A)-(III), (B)-(IV), (C)-(II), (D)-(I)

(A)-(III), (B)-(IV), (C)-(I), (D)-(II)

Correct Answer:

(A)-(III), (B)-(IV), (C)-(I), (D)-(II)

Explanation:

The correct answer is Option 4: (A)-(III), (B)-(IV), (C)-(I), (D)-(II)

(A) Opening up of a country's economy to world market → (III) Liberalization. Liberalization refers to reducing government restrictions to allow free flow of goods, services, and capital across borders.
(B) Workforce involved in design and development → (IV) Knowledge economy. A knowledge economy relies on intellectual capabilities and skilled human capital, especially in areas like design, IT, and R&D.
(C) Firms having more than one company in many countries → (I) Transnational corporations. These are companies that operate in more than one country, often with branches, subsidiaries, or operations globally.
(D) Able to make transactions without physical presence → (II) Electronic economy. This refers to digital transactions like online banking, e-commerce, and mobile payments where no physical presence is needed.