Match the pair

Group A Group B

1. SEBI a) Public sector

2. Liberalisation b) Profit motive

3. BHEL c) Removing restrictions

4. Privatisation d) 1988

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Solution

The items in the two columns can be correctly matched as follows.

Group A Group B

1. SEBI a) 1988

2. Liberalisation b) Removing restrictions

3. BHEL c) Public sector

4. Privatisation d) Profit motive

1. SEBI - 1988
Explanation-
SEBI was established in the year 1988 (made a statutory body in 1992) with the objective of regulating the functioning of stock exchanges and mutual funds.

2. Liberalisation - Removing restrictions
Explanation-
Liberalisation implies the removal of trade restrictions and licensing system that obstruct economic growth and development. India adopted the liberalisation policy in 1991.

3. BHEL - Public sector
Explanation-
Bharat Heavy Electrical Limited (BHEL) is a public-sector enterprise. It is one of the industries that were given Navaratna status under the privatisation policy adopted by government.

4. Privatisation - Profit motive
Explanation-
Privatisation implies reducing the role of the public sector and increasing the role of the private sector in the economy. With greater role of the private sector , profit became an important motive of the economic activities.

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