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Match List I with List II

LIST I (Concept/Policy)LIST II (Meaning Objective)
A. Promoted ExcessI. Determining the largest amount of land a single person may own
B. Ceiling of landII. Policy of substituting native output for imports
C. Replacing the importIII. Portion of agricultural products that the farmers sells in the trade
D. Granting of licenseIV. System of obtaining permission to start business

Choose the correct answer from the options given below :

Solution

Correct Option: 3

A-III: Marketed surplus is the portion of agricultural output farmers sell in the market. B-I: Land ceiling fixes the maximum land a person may own. C-II: Import substitution replaces imports with domestic production. D-IV: Licensing = official permission to start a business.

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