Read the following passage and answer questions that follow.

Clamouring to enter India's red-hot retail sector, the world's largest chains, including Walmart stores, Carrefour and Tesco, are seeking the best way to enter the country, despite a government ban on foreign direct investment in the market. Recent large investments by major Indian businesses, like Reliance Industries and Bharti Airtel, have increased the sense of urgency for foreign retailers....Last week, Bharti Airtel indicated that it was in talks with Wal-Mart, Carrefour and Tesco to set up a retailing joint venture....India's retail sector is attractive not only because of its fast growth, but because family-run street corner stores have 97% of the nation's business. But this industry trait is precisely why the government makes it hard for foreigners to enter the market. Politicians frequently argue that global retailers would destroy thousands of small local players and fledging domestic chains.

Parle drinks being bought by coca cola in an example of.

Acquisition

The correct answer is option 4: Acquisition

When Coca-Cola bought Parle’s soft drink brands (like Thums Up, Limca, Gold Spot) in the 1990s, it was a clear example of an acquisition — where one company purchases the business assets or brand of another.

• Liberalization – Refers to the removal of restrictions on private businesses and foreign trade/investment, but it’s not the action of one company buying another.

• Demonetisation – Refers to the withdrawal of currency from legal tender (unrelated to company transactions).

• Globalization – Broader process of increased international integration, which is the context in which the deal happened but not the action itself.