Match List-I with List-II
List-I List-II (A) Not pass through any more stages of production or transformations (I) Capital goods (B) Consumed when purchased by their ultimate consumers (II) Intermediate goods (C) Gradually undergo wear and tear (III) Final goods (D) Used by other producers as material inputs (IV) Consumption goods
Choose the correct answer from the options given below:
Match List-I with List-II
| List-I | List-II |
|---|---|
| (A) Not pass through any more stages of production or transformations | (I) Capital goods |
| (B) Consumed when purchased by their ultimate consumers | (II) Intermediate goods |
| (C) Gradually undergo wear and tear | (III) Final goods |
| (D) Used by other producers as material inputs | (IV) Consumption goods |
Choose the correct answer from the options given below:
Solution
Option 1 -> Incorrectly matches (A) with Capital goods instead of Final goods.
Option 2 -> Incorrectly matches (A) with Intermediate goods and (B) with Capital goods.
Option 3 -> Incorrectly matches (C) with Consumption goods and (D) with Final goods.
Option 4 -> Correctly matches all items: (A) Final goods don't undergo further production; (B) Consumption goods are used by ultimate consumers; (C) Capital goods depreciate gradually; (D) Intermediate goods are used as inputs by producers.
Hence, Option 4: (A) - (III), (B) - (IV), (C) - (I), (D) - (II) -> (A) Final goods are ready for consumption and don't pass through more production stages. (B) Consumption goods are directly consumed by end users like food, clothes. (C) Capital goods like machinery and equipment undergo depreciation through wear and tear over time. (D) Intermediate goods like raw materials are used by producers as inputs in manufacturing other goods. -> correct
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