Multiple choice

Match the following:

 
1. Foreign Trade Policy
(i) Minimum Support Prices
2. Industrial Policy
(ii) Balanced Budget
3. Agricultural Policy
(iii) Marginal Utility
4. Fiscal Policy
(iv) FEMA
(v) Exim Policy

  1. 1 - (ii), 2 - (iii), 3 - (i), 4 - (v)

  2. 1 - (iii), 2 - (iv), 3 - (ii), 4 - (i)

  3. 1 - (iv), 2 - (ii), 3 - (iii), 4 - (v)

  4. 1 - (i), 2 - (v), 3 - (iv), 4 - (ii)
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Foreign Trade Policy is regulated by FEMA (Foreign Exchange Management Act). Industrial Policy governs manufacturing and industrial development. Agricultural Policy includes Minimum Support Prices for farmers. Fiscal Policy relates to government revenue and expenditure, aiming for a Balanced Budget. Option B correctly pairs each policy type with its key instrument.

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