Choose the correctly matched pair from the following Column A nbs...........

Choose the correctly matched pair from the following

Column A Column B

A. Globalisation 1. Hiring commercial services from rest of the world

B. Privatisation 2. Removing unnecessary controls

C. Outsourcing 3. Involving private sector in ownership

D. Liberalisation 4. Unification of domestic economy with economies of rest of the world

A-2

B-4

C-1

D-3

- Globalisation typically refers to the unification of domestic economies with economies of the rest of the world.

- Privatisation involves transferring ownership or management of a public sector entity to the private sector.

- Outsourcing is hiring commercial services from another organization or country to cut costs or efficiency.

- Liberalisation involves reducing restrictions and unnecessary regulations in the economy.

Checking the options:

- Option 1: Globalisation is matched with removing unnecessary controls (incorrect).

- Option 2: Privatisation is matched with unifying economies (incorrect).

- Option 3: Outsourcing is correctly matched with hiring commercial services.

- Option 4: Liberalisation is incorrectly matched with involving the private sector.

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