Match List-I with List-II
|
List-I |
List-II |
|
(A) Public Provision |
(I) No feasible way to deny anyone to use public goods. |
|
(B) Stablisation Function |
(II) Goods are produced directly by the government. |
|
(C) Non-Excludable |
(III) Financed through the budget and can be used without any direct payment. |
|
(D) Public Production |
(IV) Whether to expand demand or reduce it. |
Choose the correct answer from the options given below:
Answer & explanation
Correct answer: option 1
The correct answer is Option (1) → (A)-(III), (B)-(IV), (C)-(I), (D)-(II)
|
List-I |
List-II |
|
(A) Public Provision |
(III) Financed through the budget and can be used without any direct payment. |
|
(B) Stablisation Function |
(IV) Whether to expand demand or reduce it. |
|
(C) Non-Excludable |
(I) No feasible way to deny anyone to use public goods. |
|
(D) Public Production |
(II) Goods are produced directly by the government. |
(A) Public Provision → (III) — It refers to goods and services financed through the government budget and made available to the public without direct payment.
(B) Stabilisation Function → (IV) — It deals with maintaining economic stability by controlling inflation or unemployment, i.e., expanding or reducing demand.
(C) Non-Excludable → (I) — Public goods are non-excludable, meaning there is no feasible way to prevent anyone from using them.
(D) Public Production → (II) — It refers to goods and services directly produced by the government, such as railways or defense.