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Home Questions DKR7JWTY9H
Target Exam

CUET

Subject

Economics

Chapter

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

Question:

Match List-I with List-II.

List-I List-II
Measures/Policy Meaning
(A) Stabilisation measures (I) Creating a border less world
(B) Structural reforms measures (II) A company hires regular service from external source
(C) Globalisation (III) Long term measures
(D) Outsourcing (IV) Short-term measures

Choose the correct answer from the options given below :

Options:

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

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

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

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

Correct Answer:

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

Explanation:

The correct answer is option (2) : (A)-(IV), (B)-(III), (C)-(I), (D)-(II)

(A) Stabilization measures typically refer to short-term measures taken to stabilize the economy during periods of fluctuation. Therefore, it corresponds to (IV) Short-term measures.

(B) Structural reform measures aim to bring long-term changes and improvements in the structure of the economy. Hence, it corresponds to (III) Long-term measures. 

(C) Globalization refers to the process of interaction and integration among people, companies, and governments of different nations. It corresponds to (I) Creating a borderless world.

(D) Outsourcing involves obtaining goods or services from an external or foreign supplier, often to reduce costs. It corresponds to (II) A company hires regular service from an external source.

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