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Home Questions 4KXW3T824A
Target Exam

CUET

Subject

Economics

Chapter

Macro Economics: Government Budget and Economy

Question:

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:

Options:

(A)-(III), (B)-(IV), (C)-(I), (D)-(II)

(A)-(I), (B)-(III), (C)-(II), (D)-(IV)

(A)-(I), (B)-(II), (C)-(IV), (D)-(III)

(A)-(I), (B)-(II), (C)-(III), (D)-(IV)

Correct Answer:

(A)-(III), (B)-(IV), (C)-(I), (D)-(II)

Explanation:

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.

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