Question

Identify the correctly matched items in Column A to that of Column B:

Column A		Column B
1	GDP of a country	(a)	Absolute measure of welfare
2	Underestimation of GDP	(b)	Non-monetary exchanges excluded
3	Base year	(c)	Year of current market prices
4	Economic Welfare	(d)	Mental satisfaction and peace

विकल्प

• 1 - (a)

• 2 - (b)

• 3 - (c)

• 4 - (d)

Answer 1

2 - (b)

Explanation:

Non-monetary exchanges relate to the production of goods and services that are not exchanged for money. Because the value of these trades is frequently difficult to measure, they are not included in the natural income calculation.