| Group ‘A’ | Group ‘B’ |
| 1. Salt | (a) Demand curve parallel to ‘X’ axis |
| 2. Income elasticity | (b) Flatter in shape |
| 3. Perfectly elastic demand | (c) Related goods |
| 4. Relatively elastic demand | (d) Inelastic demand |
| 5. Cross elasticity | (e) Change in demand due to change in income |
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| Group ‘A’ | Group ‘B’ |
| 1. Individual supply | Potential supply |
| 2. Determinants of law of supply | Infrastructural facilities |
| 3. Assumption of the law of supply | Change in government policy |
| Group ‘A’ | Group ‘B’ |
| (1) Factor of Production | (a) Other things being equal |
| (2) Ceteris Paribus | (b) Land |
| (3) Price theory | (c) Micro economics |
| (4) Lumping method | (d) Profit |
| (e)Whole economy |
| Group ‘A’ | Group ‘B’ |
| (1) Demand | (a) A new demand curve |
| (2) Variation in Demand | (b) Same demand curve |
| (3) Extension of demand | (c) Ability and willingness to pay |
| (4) Increase in demand | (d) Change in price alone |
| (e) Distribution of income |
| 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. Total utility | (a) Point of Satiety |
| 2. Zero MU | (b) Furniture from wood |
| 3. Time utility | (c) Aggregate of utilities |
| 4. Form utility | (d) Apples for Kashmir |
| (e) Organ donation |
| 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| (e) Amount withdrawn above the actual balance |
| Group ‘A’ | Group ‘B’ |
| (1)Macro | (a) Slicing method |
| (2) Micro | (b) Classical economist |
| (3) Adam Smith | (c) Neo-classical economist |
| (4) Prof. Marshall | (d) Inflation |
| (e)Lumping method |
| 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) 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 |