Question

Match List-I with List-II

List-I (Term)	List-II (Definition)
(A) Micro economics	(I) Economic behavior of a system as a whole i.e. decision making unit put together
(B) Macro economics	(II) It is the sources of revenue, taxation, expenditure, borrowing or debt etc.
(C) Public finance	(III) Study of how the produced goods and services move among people, market condition, price determination, trade, money, branding etc.
(D) Exchange	(IV) Economic behavior of any particular decision making unit

Choose the correct answer from the options given below

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

Hint:

To remember the prefixes:
Micro = Individual unit (IV).
Macro = Aggregate system as a whole (I).
Public Finance = Government budget, tax, and debt (II).

Answer 1

The Correct Option is D

Step 1: Understanding the Concept:
Economics is structured into several branches and divisions—including microeconomics, macroeconomics, exchange, and public finance—each focusing on a specific area of economic activity.

Step 2: Detailed Explanation:
Let us analyze and match each term with its correct definition:
1.Microeconomics (A): This branch studies the economic behavior and decision-making of individual units, such as a single consumer, household, or firm.
Thus, (A) matches with (IV).
2.Macroeconomics (B): This branch studies the behavior, structure, and performance of the economy as a whole, focusing on aggregate variables like national income, inflation, and unemployment.
Thus, (B) matches with (I).
3.Public finance (C): This division deals with the financial activities of the government, including public revenue, taxation, public expenditure, and public debt.
Thus, (C) matches with (II).
4.Exchange (D): This division focuses on how goods and services flow from producers to consumers through markets, including price determination, trade, money, and branding.
Thus, (D) matches with (III).
Combining these matches:
\[ \text{(A)-(IV), (B)-(I), (C)-(II), (D)-(III)} \]

Step 3: Final Answer:
The correct matching sequence is (A) - (IV), (B) - (I), (C) - (II), (D) - (III).