Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Macro Economics: National Income Accounting

Question:

Match List I with List II

List - I

List – II

(A)

Product will not pass through further transformation

(I)

Capital Good

(B)

A product used as raw material or input for production 

(II)

Final Good

(C)

The good which enables for production on process

(III)

Consumer Good

(D)

Goods purchased by ultimate consumer

(IV)

Intermediate Goods 

Choose the correct answer from the options given below:

Options:

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

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

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

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

Correct Answer:

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

Explanation:

List - I

List – II

(A)

Product will not pass through further transformation

(I)

Final Good

(B)

A product used as raw material or input for production 

(II)

Intermediate Goods

(C)

The good which enables for production on process

(III)

Capital Good

(D)

Goods purchased by ultimate consumer

(IV)

Consumer Good