Match List - I with List - II.

Choose the correct answer from the options given below

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

In outsourcing, a company hires regular service from external sources, mostly from other countries, which was previously provided internally or from within the country (like legal advice, computer service, advertisement, security — each provided by respective departments of the company).

Liberalisation was introduced to put an end to these restrictions and open various sectors of the economy.

Globalisation is generally understood to mean integration of the economy of the country with the world economy, Globalisation attempts to establish links in such a way that the happenings in India can be influenced by events happening miles away. It is turning the world into one whole or creating a borderless world.

Privatisation implies shedding of the ownership or management of a government owned enterprise. Government companies are converted into private companies in two ways (i) by withdrawal of the government from ownership and management of public sector companies and or (ii) by outright sale of public sector companies.