Question

Match the List - A with List - B:

• A. a-II, b-IV, c-I, d-III
• B. a-III, b-IV, c-I, d-II
• C. a-IV, b-III, c-I, d-II
• D. a-I, b-IV, c-II, d-III

Hint:

For laws and acts, be sure to check the year of implementation, as historical context is key to matching them correctly.

Answer 1

The Correct Option is B

Step 1: Match the Acts with their years.
MRTP Act (Monopolies and Restrictive Trade Practices Act) was passed in 1956.
FEMA (Foreign Exchange Management Act) came into force in 1999.
Industrial Policy Resolution was introduced in 1948, but this option refers to 1970 policy, which focused on large-scale industries.
Industrial Licensing system was introduced in 1970.
Step 2: Match them correctly.
Thus:
(a) MRTP Act → (III) 1956
(b) FEMA → (IV) 1999
(c) Industrial Policy Resolution → (I) 1969
(d) Industrial Licensing → (II) 1970
Step 3: Conclusion.
The correct answer is (B).