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Match the columns

Matrix:

Column I

Column II
(a)
Liberalisation
(i)
Integration of world economies through foreign trade and investments
(b)
Privatisation
(ii)
Exchange of goods and services across countries
(c)
Globalisation
(iii)
Transfer of ownership of the public sector enterprises to the private sector
(d)
Foreign Trade
(iv)
Removal of government restrictions over economic activities

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

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

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

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

answer is B.

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Detailed Solution

Liberalisation:

Liberalisation is removing or loosening the state's restrictions over economic activities. It helps ensure ease of doing business, thereby providing more significant incentives to the industrialists to set up business units in the country.

Privatisation:

Privatisation is the process by which a business unit's ownership, control, or management is transferred from the government sector to the private sector.

Globalisation:

Globalisation is a rapid integration process among different nations through foreign trade and investment by Multinational Corporations (MNCs).

Foreign Trade:

Foreign Trade can be defined as the transfer or exchange of goods and services across the geographical boundaries of countries. Simply put, it includes importing and exporting goods from one country to another.

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