Match the (Concepts) given in List I with their Characteristics given below in List II
| LIST-I (Industrial Outcomes) | LIST-II (Characteristics) | ||
| A. | Globalization | I. | Economic Globalisation |
| B. | Electric Economy | II. | Growing interdependence between people, regions and countries. |
| C. | Liberalisation | III. | Growth in the usage of cell phones |
| D. | Cellular Telephone | IV. | Steady removal of the rules that regulates Indian trade and finance regulations |
Choose the correct answer from the options given below:
Answer & explanation
Correct answer: option 4
The correct answer is Option (4) → A-II, B-I, C-IV, D-III
(A) Globalization — this matches (II) Growing interdependence between people, regions and countries. Globalisation is the growing interdependence between different people, regions and countries of the world, as social and economic relationships come to stretch world-wide.
(B) Electric Economy — this matches (I) Economic Globalisation. The ‘electronic economy’ is one of the factors that underpins economic globalisation: banks, corporations, fund managers and investors can shift funds across countries with the click of a mouse.
(C) Liberalisation — this matches (IV) Steady removal of the rules that regulates Indian trade and finance regulations. Liberalisation is a set of policies that loosen government regulation of capital, labour and trade and cut tariffs and import duties.
(D) Cellular Telephone — this matches (III) Growth in the usage of cell phones. Cellular telephony has grown enormously; there has been a tremendous growth in the usage of cell phones, which are now part of the self for most urban middle-class youth.
NCERT (2025-26): “6.2 Understanding Globalisation … Globalisation refers to the growing interdependence between different people, regions and countries in the world as social and economic relationships come to stretch world-wide. Although economic forces are an integral part of globalisation, it would be wrong to suggest that they alone produce it.…” “c. The electronic economy … The ‘electronic economy’ is another factor that underpins economic globalisation. Banks, corporations, fund managers and individual investors are able to shift funds internationally with the click of a mouse. This new ability to move ‘electronic money’ instantaneously carries with it great risks however.…” “Global Communications … Cellular telephony has also grown enormously and cell phones are a part of the self for most urban-based middle class youth. There has been a tremendous growth in the usage of cell phones and a marked change in how its use is seen.” “Indian Society, Chapter 4 (The Market as a Social Institution) — Debate on Liberalisation – Market Versus State … Liberalisation includes a range of policies such as the privatisation of public sector enterprises (selling government-owned companies to private companies); loosening of government regulations on capital, labour, and trade; a reduction in tariffs and import duties so that foreign goods can be imported more easily; and allowing easier access for foreign companies to set up industries in India.…” |