Question
| Group ‘A’ | Group ‘B’ |
| (1) Maynard Keynes | Macro economic approach |
| (2) Micro | Mikros |
| (3) Adam Smith | Classical economist |
| (4) Census | Limited scope |
| Group ‘A’ | Group ‘B’ |
| (1) Maynard Keynes | Macro economic approach |
| (2) Micro | Mikros |
| (3) Adam Smith | Classical economist |
| (4) Census | Limited scope |
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| Group ‘A’ | Group ‘B’ |
| (1) Macro | (a) Makros |
| (2) Prof. Alfred Marshall | (b) Neo-classical economist |
| (3) Lumping method | (c) Splits the whole economy |
| (4) Partial equilibrium | (d) Micro economics |
| Group ‘A’ | Group ‘B’ |
| (i) Inferior goods | Giffen goods |
| (2) Prestige goods | Luxury goods |
| (3) Expanasion of demand | Fall in price |
| (4) Increase in demand | Unfavourable changes in other factors |
| Group ‘A’ | Group ‘B’ |
| 1. Balanced budget | (a) Advocated by Adam Smith |
| 2. Public revenue | (b) expenditure of the government |
| 3. A deficit budget | (c) useful in depression period |
| 4. Surplus budget | (d) Receipts > Expenditure |
| Group ‘A’ | Group ‘B’ |
| (1)Macro | Individual unit |
| (2) Factor pricing | Rent, wages, interest and profit |
| (3) Ceteris paribus | Other things being constant |
| (4) Micro | Price theory |
| Group ‘A’ | Group ‘B’ |
| 1. Car and petrol | Complementary goods |
| 2. Point method | Geometric method |
| 3. Necessaries | Inelastic demand |
| 4. Unitary elastic | Steeper curve |
| Group ‘A’ | Group ‘B’ |
| (1) Lumping method | Macro economics |
| (2) Product Pricing | Forces of demand and supply |
| (3) Micro economics | General equilibrium |
| (4) National income | Study of aggregate |
| Group ‘A’ | Group ‘B’ |
| 1. Commercial Bank | Acceptance of Deposit |
| 2. IFCI | 1948 |
| 3. Co-operative Credit Society Act | 1904 |
| 4 Discount and Finance House of India | 1980 |
| Group‘A | Group ‘B’ |
| 1. Internal trade | Between two or more countries |
| 2. Oceanic trade | Trade by sea |
| 3. Export trade | Sale of goods by one country to another country |
| Group ‘A’ | Group ‘B’ |
| Transfer income | pension/ gifts |
| National Income | flow concept |
| Gross Domestic Product (GDP) | C + I + G + (X – M) + (R-P) |
| CSO | Estimation of NI |
| Group ‘A’ | Group ‘B’ |
| 1. Total Revenue | Price x Quantity |
| 2. Total Cost | TFC + TVC |
| 3. Average Cost | TR x TQ |