Match List - I with List- II. List - I List - II (A) Normal goods (I) These goods are consumed together (B) Inferior goods (II) Demand for the good decreases as income of the consumer increases (C) Substitute goods (III) These goods are used in place of each other (D) Complementary goods (IV) Demand for the good increases as income of consumer increases Choose the correct answer from the options given below:

Question

cdquestions Admin · Accepted Answer

The correct option is (C): A-IV, B-II, C-III, D-I

Answer

A-I, B-II, C-III, D-IV

Answer

A-II, B-IV, C-I, D-III

Answer

A-IV, B-II, C-III, D-I

Answer

A-IV, B-II, C-I, D-III

LIST I		LIST II
A	Quotas	I	Monetary assistance given by government for production activities
B	Import substitution	II	Government protects domestic industries from foreign competition
C	Tariffs	III	Tax on imported goods
D	Subsidy	IV	Specify the quantity of goods which can be imported

The Correct Option is C

Solution and Explanation

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Questions Asked in CUET exam

List - I	List - II
(A) Normal goods	(I) These goods are consumed together
(B) Inferior goods	(II) Demand for the good decreases as income of the consumer increases
(C) Substitute goods	(III) These goods are used in place of each other
(D) Complementary goods	(IV) Demand for the good increases as income of consumer increases

LIST I		LIST II
A	Tea and Coffee	I	Complementary goods
B	Car and Fuel	II	Inferior goods
C	Low grade cereal food	III	Substitute goods
D	Good quality wheat	IV	Normal good