Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Macro Economics: Money and Banking

Question:

Match List I with List II.

List I List II
(A) Demonetisation (I) one nation, one tax
(B) GST (II) freedom to industrial sector
(C) Devaluation (III) to club black money
(D) Liberalisation (IV) to solve the problem of foreign exchange

Choose the correct answer from the options given below :

Options:

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

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

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

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

Correct Answer:

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

Explanation:

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

List I List II
(A) Demonetisation (III) to club black money
(B) GST (I) one nation, one tax
(C) Devaluation (IV) to solve the problem of foreign exchange
(D) Liberalisation (II) freedom to industrial sector

Explanation :

(A) Demonetisation : (III) to curb black money - Demonetization involves the withdrawal of a certain currency as legal tender to curb issues such as corruption, black money, terrorism and circulation of fake currency in the economy.

(B) GST : (I) one nation, one tax - The Goods and Services tax (GST) is a comprehensive indirect tax that aims to create a unified tax that aims to create a unified tax system, following the principle of "one nation, one tax."

(C) Devaluation : (IV) to solve the problem of foreign exchange - Devaluation is a deliberate downward adjustment of the value of a country's currency to address foreign exchange issues, such as improving the trade balance

(D) Liberalisation : (II) freedom to the industrial sector - Liberalization involves reducing government restrictions and regulations, providing more freedom to the industrial sector for economic growth.