Question

Match the LIST I with LIST II 

LIST-I	LIST-II
A. Retail market	I. Books
B. Local market	II. World Trade Organization
C. World market	III. Final consumers
D. Capital market	IV. Village

Choose the correct answer from the options given below:

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

Hint:

Focus on the clear matches first. Retail markets serve final consumers, and local markets are village-level. This will help you eliminate incorrect answer choices.

Answer 1

The Correct Option is C

Let's match the market types with their corresponding examples or scope:

A. Retail market: This is where goods are sold directly to the Final consumers. So, A matches with III.
B. Local market: This market is confined to a small geographical area, such as a Village. So, B matches with IV.
C. World market: This involves international trade, governed by bodies like the World Trade Organization. So, C matches with II.
D. Capital market: This is a market for financial assets. While 'Books' is not a perfect match, in the context of financial markets, "books" can refer to order books or ledgers of securities. Among the given options, it's the most plausible, albeit unusual, pairing. A better option for Capital market would be 'stocks' or 'bonds'. Assuming it refers to financial books of account. So, D matches with I.
The correct sequence is A-III, B-IV, C-II, D-I.