Match the columns

Matrix:

Column I

Column II
(a)

MNC
(i)
Integrating countries
(b)

Globalisation
(ii)
Removing trade barriers
(c)

Liberalisation
(iii)
Govern trade
(d)

WTO
(iv)
Cheap labour

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a-ii; b-iv; c-i; d-iii

a-iii; b-i; c-iv; d-ii

a-iii; c-iv; d-i, b-ii

a-iv; b-i; c-ii; d-iii

answer is D.

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Detailed Solution

1)      MNC: MNCs or multinational corporations are companies that own and operate businesses in more than one nation. They usually look for countries with cheap labour for their production to make the business more profitable.
2)      Globalisation refers to integrating a country’s economy with the world economy. It was brought to India as part of the 1991 reforms.
3)      Liberalisation: Liberalisation refers to removing trade barriers for the free flow of goods and services across countries.
4)      WTO: The World Trade Organisation was formed in 1995. Its objective is to govern trade through its rules and regulations.

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