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 :
Answer & explanation
Correct answer: option 4
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.