Question

Match List-I with List-I

List-I	List-II
(A) Make in India	(I) 1991
(B) New Economic Policy	(II) 1948
(C) General Agreement on Trade and Traffic (GATT)	(III) 2015
(D) NITI Ayog	(IV) 2014

Choose the correct answer from the options given below:

• (A) - (IV), (B) - (I), (C) - (II), (D) - (III)
• (A) - (I), (B) - (IV), (C) - (II), (D) - (III)
• (A) - (III), (B) - (I), (C) - (II), (D) - (IV)
• (A) - (II), (B) - (III), (C) - (IV), (D) - (I)

Hint:

Creating a timeline of major post-independence economic events in India is a very useful study tool. Key dates like the establishment of the Planning Commission (1950), NEP (1991), and the formation of NITI Aayog (2015) are frequently tested.

Answer 1

The Correct Option is A

Step 1: Analyzing and Matching Each Item:


(A) Make in India: This is a major national initiative launched by the Government of India to encourage companies to manufacture their products in India. It was launched by Prime Minister Narendra Modi in September 2014. This matches with (IV).
(B) New Economic Policy (NEP): This refers to the landmark economic reforms of liberalization, privatization, and globalization (LPG) introduced in India to deal with a severe economic crisis. These reforms were initiated in 1991. This matches with (I).
(C) General Agreement on Tariffs and Trade (GATT): GATT was a multilateral agreement regulating international trade. Its purpose was the "substantial reduction of tariffs and other trade barriers and the elimination of preferences." It was signed in 1947 and came into effect in 1948. It was later replaced by the World Trade Organization (WTO) in 1995. This matches with (II). (Note: The question has a typo "Traffic" instead of "Tariffs").
(D) NITI Aayog: The National Institution for Transforming India (NITI Aayog) is the premier policy think tank of the Government of India. It was established on January 1, 2015, to replace the Planning Commission. This matches with (III).

Step 2: Forming the Correct Combination:
The correct pairings are: A $\rightarrow$ IV, B $\rightarrow$ I, C $\rightarrow$ II, D $\rightarrow$ III.

Step 3: Final Answer:
Looking at the options, option (A) matches our derived sequence.