Question

Match List-I with List-II

Choose the correct answer from the options given below:

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

Hint:

Stabilisation = Short-term demand management (Inflation and BOP).
Structural reforms = Long-term supply-side efficiency (Industrial, Financial, Trade deregulation).
Globalisation = Cross-border economic integration.
Outsourcing = Offshoring business processes to external service vendors.

Answer 1

The Correct Option is A

Concept:
The New Economic Policy implemented in 1991 comprised short-term stabilization policies designed to address immediate macroeconomic distress and long-term structural adjustment policies aimed at improving efficiency and global economic integration.

Step 1: Detailed Matching of Categories:
(A) Outsourcing refers to an arrangement where a company hires regular services from external sources, predominantly overseas, which were previously performed internally. Hence, (A) matches with (I).
(B) Stabilisation measures are short-term crisis management policies introduced to correct balance of payments deficits and rein in soaring domestic inflation. Thus, (B) matches with (II).
(C) Structural reform measures are long-term policies designed to eliminate institutional rigidities and enhance the international competitiveness and supply-side efficiency of the economy. Therefore, (C) matches with (IV).
(D) Globalisation involves integrating the domestic economy with the global economy through cross-border trade, capital investments, and institutional connectivity. Hence, (D) matches with (III).

Step 2: Conclusion:
The matching pairs are:
(A) - (I), (B) - (II), (C) - (IV), (D) - (III).
This corresponds precisely to Option (A).
Final Answer:
The correct option is (A).