Question

Match List-I with List-I

List-I	List-II
(A) Make in India	(I) 1991
(B) New Economic Policy	(II) 1948
(C) General Agreement on Trade and Traffic (GATT)	(III) 2015
(D) NITI Ayog	(IV) 2014

Choose the correct answer from the options given below:

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

Hint:

Creating a timeline of major post-independence economic events in India is a very useful study tool. Key dates like the establishment of the Planning Commission (1950), NEP (1991), and the formation of NITI Aayog (2015) are frequently tested.

Answer 1

The Correct Option is A

Step 1: Item Analysis:


(A) Make in India: An initiative by the Indian government to promote domestic manufacturing, launched by Narendra Modi in September 2014. Matches (IV).
(B) New Economic Policy (NEP): Economic reforms introducing liberalization, privatization, and globalization (LPG) in India, implemented in 1991. Matches (I).
(C) General Agreement on Tariffs and Trade (GATT): A multilateral trade agreement aimed at reducing tariffs, signed in 1947 and effective in 1948. Replaced by the World Trade Organization (WTO) in 1995. Matches (II). (Note: The original question contained a typo.)
(D) NITI Aayog: The Indian government's policy think tank, established January 1, 2015, replacing the Planning Commission. Matches (III).

Step 2: Correct Pairing:
The pairings are: A $\rightarrow$ IV, B $\rightarrow$ I, C $\rightarrow$ II, D $\rightarrow$ III.

Step 3: Final Answer:
Option (A) is the correct answer.