Question
| Group ‘A’ | Group ‘B’ |
| The Output method | Product method |
| India used | Expenditure method |
| USA, UK | Income method |
| Illegal Income | Theoretical difficulty |
| Group ‘A’ | Group ‘B’ |
| The Output method | Product method |
| India used | Expenditure method |
| USA, UK | Income method |
| Illegal Income | Theoretical difficulty |
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| 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. Total Revenue | Price x Quantity |
| 2. Total Cost | TFC + TVC |
| 3. Average Cost | TR x TQ |
| Group ‘A’ | Group ‘B’ |
| 1. Disutilit | Negative MU |
| 2. Homogeneity | Identical unit |
| 3. Law of DMU | Explained by Prof. Gossen |
| 4. Maximum TU | Zero MU |
| 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’ |
| (1) Expansion of demand | Other factors remaining constant |
| (2) Law of demand | Slopes downwards from left to right |
| (3) Market demand | Demand of all consumers |
| (4) Direct demand | Factors of production |
| Group ‘A’ | Group ‘B’ |
| 1. Prof. Marshall | Law of DMU |
| 2. Total utility | Utility from last unit |
| 3. Cardinal measurement | Assumption of law of DMU |
| 4. Service utility | Knowledge by teacher |
| Group ‘A’ | Group ‘B’ |
| 1. Inelastic demand | Steep slope of demand curve |
| 2. BMW Car | Inelastic demand |
| 3. Income elasticity | Responsiveness of quantity demanded of a commodity to change in income |
| 4. Elastic demand | Flatter slope of demand curve |
| 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) Individual demand | Individual consumer |
| (2) Joint demand | Tea-coffee |
| (3) Variation in demand | Other factors remaining constant |
| (4) Decrease in demand | Price remains constant |