Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Indian Economic Development: Liberalisation, Privatisation and Globalisation - An Appraisal

Question:

Match the following:

1. Demonetization A. Globalisation
2. Goods and service tax B. Siricilla tragedy
3. Powerloom workers C. Destination based
4. Outsourcing D. Black money
Options:

1-A, 2-C, 3-B, 4-D

1-C, 2-A 3-B, 4-D

1-D, 2-C, 3-B, 4-A

1-B, 2-D, 3-C, 4-A

Correct Answer:

1-D, 2-C, 3-B, 4-A

Explanation:

Demonetization was done in order to curb the black money market in the economy which is also known as "Parallel economy"

Goods and service tax is a destination based taxation system where the tax is charged at the supply of the commodity and not the production of the same

Sircilla tragedy in Andhra Pradesh is linked with the powerloom workers who committed suicide due to steep rise in the power tariff

Outsourcing is the direct outcome of globalisation in the economy which provides employment opportunities to the unemployed youth of India