Match List - I with List - II. | List - I | List - II | |---|---| | (A) Centrally planned economy | (I) Depends on demand and supply forces | | (B) Mixed economy | (II) Economic problem | | (C) Market economy | (III) Socialist economy | | (D) Problem of choice | (IV) Public and Private sector | Choose the correct answer from the options given below :

Question

Option 1: (A) - (I), (B) - (III), (C) - (IV), (D) - (II)

Option 2: (A) - (I), (B) - (II), (C) - (III), (D) - (IV)

Option 3: (A) - (II), (B) - (IV), (C) - (III), (D) - (I)

Option 4: (A) - (III), (B) - (IV), (C) - (I), (D) - (II)

AfterBoards · Accepted Answer

The answer is '(A) - (III), (B) - (IV), (C) - (I), (D) - (II)'. View full solution:

List I: Economic issue	List II: Refers to
A. Scarcity	I. Based on facts
B. Normative statement	II. Central problem of an economy
C. Positive statement	III. Problem of choice
D. What to produce	IV. Based on value judgment

CUET Economics PYQs

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