Match List-I with List-II.
| List-I | List-II | ||
| (Policy tools) | (Characteristics) | ||
| (A) | Disinvestment | (I) | Hiring of regular services from External source |
| (B) | Out sourcing | (II) | Integration of the economy of the country with the world economy |
| (C) | Globalisation | (III) | To administer all multilateral trade agreements |
| (D) | GATT | (IV) | Privatization of the public enterprises by selling off part of public equity sector |
Choose the correct answer from the options given below :
Answer & explanation
Correct answer: option 3
The correct answer is option (3) : (A)-(IV), (B)-(I), (C)-(II), (D)-(III)
(A) Disinvestment involves the privatization of public enterprises by selling off part of the public equity sector.
(B) Outsourcing typically involves hiring regular services from external sources.
(C) Globalization refers to the integration of the economy of the country with the world economy.
(D) GATT (General Agreement on Tariffs and Trade) was establishment to administer all multilateral trade agreements.