Match the following:

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

Globalisation aims at making the world a borderless place. Privatisation involves disinvestment done by the government. Disinvestment is the change in ownership of the company from government to private because either the whole firm is sold or a part of it is sold to the private players. Liberalisation involves removal of the industrial licensing to increase the competitiveness of various firms. Goods and service tax is a destination based tax that works on the principle of taxing the supply of commodities.