Question

Match the concepts (List-I) with their respective descriptions (List-II):

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

Answer 1

The Correct Option is C

Let's match the concepts in List-I with their respective descriptions in List-II:

(A) Liberalisation - Liberalisation refers to the opening up of the economy to global markets, reducing trade barriers and encouraging free-market competition. This matches with (IV) Opening up of the economy to the global markets.

(B) Transnational Corporations - Transnational Corporations are companies that produce goods and services in multiple countries. They operate across national borders and have a significant influence on the global economy. This matches with (III) Companies producing goods and services in multiple countries.

(C) Glocalisation - Glocalisation is the process of mixing global and local cultures, where global products or services are adapted to fit local needs or preferences. This matches with (II) Mixing of global and local culture.

(D) Weightless Economy - The Weightless Economy is an economy based on information and technology, where the value is driven by intangible assets such as knowledge, software, and digital services. This matches with (I) Economy based on information and technology.

Thus, the correct match is:

(A) Liberalisation - (IV) Opening up of the economy to the global markets

(B) Transnational Corporations - (III) Companies producing goods and services in multiple countries

(C) Glocalisation - (II) Mixing of global and local culture

(D) Weightless Economy - (I) Economy based on information and technology

Therefore, the correct answer is Option 3: (A) - (IV), (B) - (III), (C) - (II), (D) - (I).

Answer 2

The correct matching is: Liberalisation (Opening up to global markets), Transnational Corporations (Companies producing in multiple countries), Glocalisation (Mixing global and local cultures), and Weightless Economy (Economy based on information and technology).