Question : Match the following items concerning money.
| List I | List II |
| i. Primary functions | a.Distribution of national income. |
| ii. Secondary functions | b.The measure of value. |
| iii. Evils of money | c.Store of value. |
| iv. Contingent functions | d.Instability of value. |
Option 1: i-d, ii-c, iii-a, iv-b
Option 2: i-a, ii-d, iii-b, iv-c
Option 3: i-c, ii-b, iii-a, iv-d
Option 4: i-b, ii-c, iii-d, iv-a
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Correct Answer: i-b, ii-c, iii-d, iv-a
Solution : The correct answer is i-b, ii-c, iii-d, iv-a.
i. Primary functions; b. Measure of value
Money is a universal metric for assessing the value of goods or services, allowing their worth to be quantified in monetary terms.
ii. Secondary functions: c. Store of value
An essential aspect of money involves its capacity for storage or preservation.
iii. Evils of money; d. Instability of value
A significant drawback of money is its inherent tendency to experience fluctuations in value, leading to economic instability. A scarcity of money elevates its value, leading to deflation or a decline in price levels.
iv. Contingent functions: a. distribution of national income
Money plays a vital role in fairly distributing the national output among contributors in modern society, including workers, capital owners, and landlords.
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Related Questions
Question : Match correctly the Nutrient deficiency given in List -I with the diseases caused by the deficiency given in List -II.
| List - I | List - II |
| (a) Iodine | (i) Microcytic anaemia |
| (b) Iron | ii) Pernicious anamia |
| (c) Niacin | (iii) Goitre |
| d) Vitamin B12 | (iv) Pellagia |
Option 1: (a)(iv) (b)(ii) (c)(i) (d)(iii)
Option 2: (a)(i) (b)(iii) (c)(ii) (d)(iv)
Option 3: (a)(ii) (b)(iv) (c)(iii) (d)(i)
Option 4: (a)(iii) (b)(i) (c)(iv) (d) (ii)
Question : Match the columns.
| States | Cultural festivals |
| A) Jharkhand | I) Karma |
| B) Himachal Pradesh | II) Chaitraul |
| C) Telangana | III) Lohri |
| D) Punjab | IV) Bathukamma |
Option 1: A-IV, B-II, C-I, D-III
Option 2: A-III, B-I, C-IV, D-II
Option 3: A-II, B-IV, C-III, D-I
Option 4: A-I, B-II, C-IV, D-III
Question : Match the items in List I with those in List II.
| Measure of Money Supply | Formula |
| i. M1 | a. M1 + Td |
| ii. M2 | b. Cp + Dd + Od |
| iii. M3 | c. M3 + TPOd |
| iv. M4 | d. M1 + POSBd |
Option 1: i-d, ii-a, iii-c, iv-b
Option 2: i-b, ii-d, iii-a, iv-c
Option 3: i-a, ii-d, iii-b, iv-c
Option 4: i-c, ii-b, iii-a, iv-d
Question : Match List I with List II and choose your answer from the code below:
| List I | List II |
| i. Service tax | a. Capital receipt |
| ii. Interest receipts | b. Revenue expenditure |
| iii. Sale of shares of PSUs | c. Non-tax revenue |
| iv. Salaries and pension | d. Tax revenue |
Option 1: i-d, ii-c, iii-b, iv-a
Option 2: i-c, ii-b, iii-a, iv-d
Option 3: i-d, ii-c, iii-a, iv-b
Option 4: i-d, ii-a, iii-c, iv-b
Question :
Match the following statements:
| List I | List II |
| a) Champakulam boat race | i) Gujarat |
| b) Somnath fair | ii) Haryana |
| c) Surajkund fair | iii) Rajasthan |
| d) Baneshwar fair | iv) Kerala |
Option 1: a-iv, b-iii, c-i, d-ii
Option 2: a-iii, b-i, c-iv, d-ii
Option 3: a-iv, b- ii, c- i, d-iii
Option 4: a-iv, b-i, c-ii, d-iii
