Match List-I with List-II

List-I	List-II
(Term/Name)	(Characteristics)
(A) Privatisation	(I) Work which focuses on providing services like trade, transport, financial services etc.
(B) Disinvestment	(II) Spread of investment into different types of economic activities in order to reduce risks.
(C) Tertiary sector	(III) Private companies can invest in sectors earlier reserved for the government.
(D) Diversification	(IV) The government sells its share in public sector companies.

Choose the correct answer from the options given below:

The correct answer is (A) - (III), (B) - (IV), (C) - (I), (D) - (II).

Let us understand the meaning of each term in List-I and match it with its correct characteristic in List-II step-by-step:

(A) Privatisation matches with (III):
Privatisation refers to the process of transferring ownership, property, or business operations from the public sector (government) to the private sector. In this context, it allows private companies to invest in and operate in sectors that were previously reserved exclusively for the government, opening up market opportunities.

(B) Disinvestment matches with (IV):
Disinvestment is a specific strategy of privatization where the government dilutes or sells its equity shares or stake in public sector enterprises (PSUs) to private players or the general public to raise funds or improve efficiency.

(C) Tertiary sector matches with (I):
The tertiary sector (also known as the service sector) comprises industries that do not produce tangible goods but instead focus on providing services. Examples include trade, transport, financial services, education, and healthcare.

(D) Diversification matches with (II):
In economics and business, diversification is a risk-reduction strategy where an entity expands its investments or operations into different types of economic activities or products. This ensures that a downturn in one activity does not ruin the entire enterprise.

By combining these matches, we get:
(A) ⇒ (III)
(B) ⇒ (IV)
(C) ⇒ (I)
(D) ⇒ (II)