Match List-I with List-II

List–I	List–II
(A) Devaluation	(I) Price of foreign currency in terms of domestic currency increase
(B) Revaluation	(II) Price of domestic currency in terms of foreign currency increases
(C) Depreciation	(III) Increase the exchange rate by the action of the Government
(D) Appreciation	(IV) Decreases the exchange rate by the action of the Government

Choose the correct answer from the options given below:

Option 1 -> Matches Devaluation with (I), Revaluation with (II), Depreciation with (III), Appreciation with (IV) - Incorrect matching of government vs market actions.

Option 2 -> Matches Devaluation with (I), Revaluation with (III), Depreciation with (II), Appreciation with (IV) - Incorrect as it confuses depreciation and appreciation meanings.

Option 3 -> Matches Devaluation with (I), Revaluation with (II), Depreciation with (IV), Appreciation with (III) - Incorrect as government actions are matched with market-driven changes.

Option 4 -> Matches Devaluation with (III), Revaluation with (IV), Depreciation with (I), Appreciation with (II) - Correct matching.

Hence, Option 4: (A) - (III), (B) - (IV), (C) - (I), (D) - (II) -> Devaluation and Revaluation are government-initiated actions where the government increases or decreases the exchange rate respectively. Depreciation and Appreciation are market-driven changes where the price of foreign or domestic currency changes naturally. Devaluation (A) increases the exchange rate by government action (III). Revaluation (B) decreases the exchange rate by government action (IV). Depreciation (C) means the price of foreign currency increases in terms of domestic currency (I). Appreciation (D) means the price of domestic currency increases in terms of foreign currency (II). -> correct