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. Labour

I. Rent

B. Capital

II. Wages

C. Entrepreneurship

III. Profit

D. Land

IV. Interest

Choose the correct answer from the options given below:

Options:

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

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

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

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

Correct Answer:

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

Explanation:

The correct answer is Option (4) → A-II, B-IV, C-III, D-I

LIST I

LIST II

A. Labour

II. Wages

B. Capital

IV. Interest

C. Entrepreneurship

III. Profit

D. Land

I. Rent

A. Labour - Corresponds to Wages (II)

  • Labour earns wages as its reward for contributing to production.

B. Capital - Corresponds to Interest (IV)

  • Capital earns interest as its return for providing funds used in production.

C. Entrepreneurship - Corresponds to Profit (III)

  • Entrepreneurship earns profit as the reward for taking risks and organizing other factors of production.

D. Land - Corresponds to Rent (I)

  • Land earns rent as its payment for providing natural resources used in production.