Match LIST I with LIST II 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 Choose the Correct answer from the options given below

Question

Match LIST I with LIST II 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 Choose the Correct answer from the options given below

cdquestions Admin · Accepted Answer

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

Answer

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

Answer

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

Answer

(A)-(IV), (B)-(III), (C)-(I), (D)-(ll)

Answer

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

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

The Correct Option is A

Solution and Explanation

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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