Match the concepts in List I with their explanation in List II
| LIST-I (Concept) | LIST-II (Explanation) | ||
| A. | Mass communication | I. | Interdependence of people, regions and countries across the world |
| B. | Globalisation | II. | Reaching out to large audiences at a single point of time |
| C. | Liberalisation | III. | Fund transfers happens virtually |
| D. | Electronic economy | IV. | Revising trade and financial regulations for greater integration in global market |
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. Mass communication — this matches II. Reaching out to large audiences at a single point of time. The mass media, also called mass communications, are ‘mass’ because they reach mass audiences, very large numbers of people at once.
B. Globalisation — this matches I. Interdependence of people, regions and countries across the world. Globalisation refers to the growing interdependence between different people, regions and countries as social and economic relationships stretch world-wide.
C. Liberalisation — this matches IV. Revising trade and financial regulations for greater integration in global market. Liberalisation refers to the range of policy decisions taken since 1991 to open up the Indian economy to the world market, loosening the earlier controls.
D. Electronic economy — this matches III. Fund transfers happens virtually. In the electronic economy, banks, corporations and investors shift funds internationally with the click of a mouse.
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.…” “a. The Economic Policy of Liberalisation … Very broadly this process in India is termed as liberalisation. The term liberalisation refers to a range of policy decisions that the Indian state took since 1991 to open up the Indian economy to the world market.…” “…Banks, corporations, fund managers and individual investors are able to shift funds internationally with the click of a mouse.…” “The mass media include a wide variety of forms, including television, newspapers, films, magazines, radio, advertisements, video games and CDs. They are referred to as ‘mass’ media because they reach mass audiences – audiences comprise very large numbers of people. They are also sometimes referred to as mass communications.…” |