Match the LIST-I with LIST-II
| LIST-I | LIST-II | ||
| A. | Rise and fall of the share market | I. | Seasonal Component |
| B. | Continuous increase in the population of India | II. | Cyclical Component |
| C. | The rise in prices of woolen clothes in winter | III. | Irregular Component |
| D. | Increase in prices of goods due to strikes of transporters | IV. | Trend Component |
Choose the correct answer from the options given below:
Answer & explanation
Correct answer: option 3
The correct answer is Option (3) → A - II, B - IV, C - I, D - III
(A) Rise and fall of the share market
This matches (II) Cyclical Component.
Booms and slumps that repeat over periods longer than a year are cyclical variations.
(B) Continuous increase in the population of India
This matches (IV) Trend Component.
A steady long-term movement in one direction is the secular trend.
(C) The rise in prices of woolen clothes in winter
This matches (I) Seasonal Component.
A change that recurs at the same season every year, within a year, is a seasonal variation.
(D) Increase in prices of goods due to strikes of transporters
This matches (III) Irregular Component.
Strikes are sudden, unpredictable events, which cause irregular variations.
So the matching is A - II, B - IV, C - I, D - III.