| Group ‘A’ | Group ‘B’ |
| 1. Essential commodities | (a) flatter in shape |
| 2. Unitary elastic demand | (b) change in income |
| 3. Elasticity of demand | (c) Ed = 1 |
| 4. Relatively elastic demand | (d) Prof. Alfred Marshall |
| 5. Income Elasticity | (e) Inelastic demand |
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| Group ‘A’ | Group ‘B’ |
| (1) Demand | (a) Exceptional demand |
| (2) Prestige goods | (b) Prof. Marshall |
| (3) Joint demand | (c) Demand curve shift to right |
| (4) Demand increases | (d) Complementary demand |
| (e) A higher price |
| Group ‘A’ | Group ‘B’ |
| 1. Ordinal measurement | (a)Maximum TU |
| 2. Principles of Economics | (b) $M U_X>P_X$ |
| 3. Point of satiety | (c) Prof. Alfred Marshall |
| 4. Consumer’s equilibrium | (d) Grading of utility |
| (e) $M U_X>P_X$ |
| Group ‘A’ | Group ‘B’ |
| (1) Joint Demand | (a) Luxury car |
| (2) Demand and price | (b) Exception to the law of demand |
| (3) Giffen’s goods | (c) Inverse relationship |
| (4) Prestige goods | (d) Several commodities |
| (e) Vegetables |
| Group ‘A’ | Group ‘B’ |
| (1) Contraction in demand | (a) Less is demanded at a same price |
| (2) Decrease in demand | (b) Complementary goods |
| (3) Demand curve | (c) Substitute goods |
| (4) Tea and Coffee | (d) Less is demanded at a higher price |
| (e) Slopes downwards from left to right |
| Group ‘A’ | Group ‘B’ |
| 1. $MC_n$ | $TC_n – TC_{n-1}$ |
| 2. TR | Q/P |
| 3. AR | TR x TQ |
| Group ‘A’ | Group ‘B’ |
| Expenditure Method | Inventory method |
| GDP | C + I + G + (X-M) + (R-P) |
| National income | Micro economic concept |
| Unpaid services | Services of housewife |
| Group ‘A’ | Group ‘B’ | |
| 1. Increase in supply | Technology up gradation | |
| 2. Exception to law of supply | More supply at higher price | |
| 3. Determination of law of supply | Perishable Goods | |
| Group ‘A’ | Group ‘B’ |
| (1) Index Number | (a) Cost of living |
| (2) Dearness Allowance | (b) Economic Barometer |
| (3) Base year | (c) Wholesale Price Index |
| (4) Whole sale market goods | (d) 100 |
| Group ‘A’ | Group ‘B’ |
| (1) Micro economics | (a) Theory of investment |
| (2) Macro economics | (b) Key tool of micro economics |
| (3) Marginalism | (c) Price theory |
| (4) Aggregate study | (d) Forest |
| Income and employment theory |
| Group ‘A’ | Group ‘B’ |
| Demat Account | (a) Commercial Bank |
| Overdraft | (b)Ancillary function |
| Credit creation | (c) 1949 |
| Banking Regulation Act | (d) 1935 |
| (e) Amount withdrawn above the actual balance |