Question
| Group ‘A’ | Group ‘B’ |
| Local area Banks | (a) RBI |
| Liquidity Adjustment Facility (LAF) | (b) Primary and Secondary markets |
| Industrial Securities market | (c) Money Market |
| Stock Exchange | (d) Capital Market |
| (e) August, 1996 |
| Group ‘A’ | Group ‘B’ |
| Local area Banks | (a) RBI |
| Liquidity Adjustment Facility (LAF) | (b) Primary and Secondary markets |
| Industrial Securities market | (c) Money Market |
| Stock Exchange | (d) Capital Market |
| (e) August, 1996 |
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| Group ‘A’ | Group ‘B’ |
| (1) Factors of production | (a) Change in price alone |
| (2) Inferior goods | (b) Change in other factors |
| (3) Pen and Pencil | (c) Substitute goods |
| (4) Change in Demand | (d) Giffen’s goods |
| (e) Indirect demand |
| Group ‘A’ | Group ‘B’ |
| 1. OPEC | (a) Organisation of Petroleum Exporting Countries |
| 2. Trade deficit | (b) Value of export < Value of import |
| 3. Internal trade | (c) Trade within the country |
| 4. India’s imported goods | (d) Petroleum, Gold, fertilizer |
| 5. Entrepot Trade | (e) Re-export |
| 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 |
| 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. Very short period | (a) More than 5 years |
| 2. Short period | (b) Less than 1 year |
| 3. Long period | (c)Few days or weeks |
| 4. Very long period | (d) Upto 5 years |

| Group ‘A’ | Group ‘B’ |
| Output method | The final goods approach |
| Income method | Product method |
| Expenditure method | NI = C + I + G |
| Illegal income | income from taxes |
| Group ‘A’ | Group ‘B’ |
| Three sector economy | Households, business firms, foreign sector |
| National income | Money value of final goods and services |
| Output method | Income method |
| NNP | GDP – Depreciation |
| 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 |
| Group A | Group B |
| 1. Perfect Competition | (a) Product Differentiation |
| 2. Monopoly | (b) Uniform Price |
| 3. Monopolistic Competition | (c) Few Sellers |
| 4. Oligopoly | (d) Single Seller |