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Question

Economics Question on Goods and Services

Match LIST I with LIST IILIST I
| LIST II

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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

A

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

B

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

C

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

D

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

Answer

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

Explanation

Solution

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