Match the concepts (List-I) with their respective descriptions (List-II):

Choose the correct answer from the options given below:

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

Let us break down each concept from List-I and match it with its correct description from List-II:

1. (A) Liberalisation matches with (IV) Opening up of the economy to the global markets:
Liberalisation refers to the relaxation or removal of government regulations, restrictions, and control over economic activities. In the context of globalization, it involves reducing tariffs, import-export restrictions, and barriers to foreign investment, thereby opening up the domestic economy to global markets.

2. (B) Transnational Corporations matches with (III) Companies producing goods and services in multiple countries:
Transnational Corporations (TNCs) are corporate enterprises that operate, manage, and produce goods or services in more than one country. Unlike traditional multinational corporations, they may not identify themselves with a single national home base, decentralizing operations globally to optimize efficiency and market reach.

3. (C) Glocalisation matches with (II) Mixing of global and local culture:
Glocalisation is a portmanteau of "globalization" and "localization". It describes the adaptation of global products, services, or ideas to suit the local contexts, cultures, laws, and consumer preferences. This leads to a unique blend or mixing of global influences with local cultural practices.

4. (D) Weightless Economy matches with (I) Economy based on information and technology:
The term "weightless economy" (or knowledge economy) refers to an economic system where products are intangible, digital, and intellectual rather than physical or heavy. It is heavily driven by information technology, software, telecommunications, and digital services, where value is created through knowledge rather than material resources.

Therefore, aligning these matches gives:
(A) - (IV)
(B) - (III)
(C) - (II)
(D) - (I)