Match List-I with List-II List-

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Target Exam

CUET

Subject

Economics

Chapter

Micro Economics: Introduction

Question:

Match List-I with List-II

List-I	List-II
(A) Macroeconomics	(I) We study the behavior of aggregate measures of the performance of the economy.
(B) Mixed economy	(II) All important decisions regarding production, exchange and consumption of goods and services are made by the government.
(C) Market	(III) Some important decisions are taken by the government and the economic activities are by and large conducted through the market.
(D) Centrally planned economy	(IV) A set of arrangements where economic agents can freely exchange their endowments or products with each other.

Choose the correct answer from the options given below:

Options:

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

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

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

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

Correct Answer:

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

Explanation:

The correct answer is Option (3) → (A)-(I), (B)-(III), (C)-(IV), (D)-(II)

List-I	List-II
(A) Macroeconomics	(I) We study the behavior of aggregate measures of the performance of the economy.
(B) Mixed economy	(III) Some important decisions are taken by the government and the economic activities are by and large conducted through the market.
(C) Market	(IV) A set of arrangements where economic agents can freely exchange their endowments or products with each other.
(D) Centrally planned economy	(II) All important decisions regarding production, exchange and consumption of goods and services are made by the government.