Match List-I with List-II
|
List-I (Concept) |
List-II (Explanation) |
|
(A) Globalisation |
(I) It includes a range of policies, such as the privatisation of public sector enterprises, loosening of government regulations on capital, labour, and trade; a reduction in tariffs and import duties so that foreign goods can be imported more easily. |
|
(B) Liberalisation |
(II) Use of markets or market-based processes (rather than government regulations or policies) to solve social, political, or economic problems. |
|
(C) Marketisation |
(III) Things that were earlier not traded in the market become commodities. |
|
(D) Commodification |
(IV) A period in which the world is becoming increasingly interconnected-not only economically, but also culturally and politically |
Choose the correct answer from the options given below:
Answer & explanation
Correct answer: option 1
The correct answer is Option (1) → (A)-(IV), (B)-(I), (C)-(II), (D)-(III)
|
List-I (Concept) |
List-II (Explanation) |
|
(A) Globalisation |
(IV) A period in which the world is becoming increasingly interconnected-not only economically, but also culturally and politically |
|
(B) Liberalisation |
(I) It includes a range of policies, such as the privatisation of public sector enterprises, loosening of government regulations on capital, labour, and trade; a reduction in tariffs and import duties so that foreign goods can be imported more easily. |
|
(C) Marketisation |
(II) Use of markets or market-based processes (rather than government regulations or policies) to solve social, political, or economic problems. |
|
(D) Commodification |
(III) Things that were earlier not traded in the market become commodities. |