Match List-I with List-II : Option 1: (A) - (I), (B) - (II), (C) - (III), (D) - (IV) Option 2: (A) - (I), (B) - (III), (C) - (II), (D) - (IV) Option 3: (A) - (I), (B) - (II), (C) - (IV), (D) - (III) Option 4: (A) - (III), (B) - (IV), (C) - (I), (D) - (II)

Answer: (A) - (I), (B) - (III), (C) - (II), (D) - (IV). Solution: Equilibrium -> plans match -> (I) is correct Excess supply -> supply greater -> (III) is correct Inferior good -> demand decreases -> (II) is correct Price ceiling -> upper limit -> (IV) is correct So, (A) - (I), (B) - (III), (C) - (II), (D) - (IV) is the correct match.

Micro

Consumer Behaviour

Easy

Match List-I with List-II
List-I (Characteristic)	List-II (Explanation)
(A) Equilibrium	(I) Plans of all the consumers and firms in the market match
(B) Excess supply	(II) Demand decreases with an increase in income
(C) Inferior good	(III) Supply is greater than market demand
(D) Price ceiling	(IV) Imposition of upper limit by government

Match List-I with List-II :

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

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

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

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

✅ Correct Option: 2

Equilibrium -> plans match -> (I) is correct
Excess supply -> supply greater -> (III) is correct
Inferior good -> demand decreases -> (II) is correct
Price ceiling -> upper limit -> (IV) is correct

So, (A) - (I), (B) - (III), (C) - (II), (D) - (IV) is the correct match.

2025: 28 May Shift 1

How would the decrease in the price of Good-X impact the budget line, when the price of Good-Y and Income remain unchanged?

The intercept points of both Good-X and Good-Y will shift outward.
The intercept point of Good-X will shift outward and the intercept point of Good-Y will remain unchanged.
The intercept point of Good-X will shift inward and the intercept point of Good-Y will remain unchanged.
The intercept points of both Good-X and Good-Y will shift inward.

2025: 15 May Shift 1

Which of the following are true about indifference curves?

(A) All the points lying on an indifference curve provide the consumer with different levels of satisfaction.

(B) Indifference curves are convex to the origin due to law of Diminishing Marginal Rate of Substitution.

(D) In the case of perfect substitutes, indifference curves are straight lines.

Choose the correct answer from the options given below:

2022: 15 July Shift 2

Budget set of a consumer is defined as:

2023: 11 June Shift 3

Which of the following statements correctly describes the nature of indifference curve ?

(A) Indifference curve slopes downwards from left to right

(B) A lower indifference curve represents lower cost to consumer

(D) Two indifference curves never intersect each other

(E) Indifference curves are always parallel to each other

Choose the correct answer from the options given below :

2025: 2 June Shift 1

The Law of Diminishing Marginal Utility states that when more and more units of a commodity are consumed, Marginal Utility __________

2025: 15 May Shift 1

Match List-I with List-II

List-I	List-II
(A) Budget Set	(I) $-(P_1/P_2)$
(B) Slope of the budget line	(II) $M/P_1$
(C) Horizontal intercept of the budget line	(III) $P_1 X_1 + P_2 X_2 \le M$
(D) Vertical intercept of the budget line	(IV) $M/P_2$

Choose the correct answer from the options given below:

Match List-I with List-II :

Solution

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