Match List-I with List-II

Choose the correct answer from the options given below:

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

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

• (A) Capital consumption is also known as (III) Depreciation. This refers to the loss in value of fixed assets due to wear and tear or obsolescence.

• (B) Part of raw material which gets used up in the production process is defined as (II) Intermediate consumption.

• (C) A stock variable is a measure at a specific point in time. (IV) Inventory is a classic example of a stock variable, as it is measured at a specific date.

• (D) A flow variable is a measure over a period of time. (I) Value added, which is measured over a year, is an example of a flow variable.