Match List-I with List-II List-

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Target Exam

CUET

Subject

Economics

Chapter

Macro Economics: Government Budget and Economy

Question:

Match List-I with List-II

List-I	List-II
(A) Budget Set	(I) $-(P_1/P_2)$
(B) Slope of the budget line	(II) $M/P_1$
(C) Horizontal intercept of the budget line	(III) $P_1 X_1+ P_2 X_2 ≤ M$
(D) Vertical intercept of the budget line	(IV) $M/P_2$

Choose the correct answer from the options given below:

Options:

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

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

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

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

Correct Answer:

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

Explanation:

The correct answer is Option (2) → (A)-(III), (B)-(I), (C)-(II), (D)-(IV)

List-I	List-II
(A) Budget Set	(III) $P_1 X_1+ P_2 X_2 ≤ M$
(B) Slope of the budget line	(I) $-(P_1/P_2)$
(C) Horizontal intercept of the budget line	(II) $M/P_1$
(D) Vertical intercept of the budget line	(IV) $M/P_2$