Match the items given in List-I and List-II. Indicate the correct combination : Codes : (a) (b) (c) (d)List – I List – II (a) Economic liberalisation (i) IT-enabled services (b) Out sourcing (ii) SFIO (c) Corporate frauds (iii) Macro economic stability (d) Second generation reforms (iv) Increased competition
(iv) (i) (ii) (iii)
(a) Economic liberalisation since 1991 removed licensing, opened sectors to private and foreign firms and lowered tariffs, so its main result was increased competition: (a)–(iv).
(b) Outsourcing means contracting work out to outside providers; India's best-known outsourcing activity is IT-enabled services such as BPO, call centres and back-office processing: (b)–(i).
(c) Corporate frauds are investigated by the Serious Fraud Investigation Office (SFIO), set up in 2003 under the Ministry of Corporate Affairs and given statutory status by Section 211 of the Companies Act, 2013: (c)–(ii).
(d) Second generation reforms (fiscal consolidation, financial sector, tax and labour reforms) aim at consolidating the first round of reforms and securing macro economic stability: (d)–(iii).
The code (a)–(iv), (b)–(i), (c)–(ii), (d)–(iii) gives the matching set.
Hence, (iv) (i) (ii) (iii).
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