Question

From the set of terms given in Column - I and Column - II, choose the correct pair:

Column - I	Column - II
(a) Non-tax Revenue	(i) Goods and Services Tax
(b) Indirect Tax	(ii) Free-rider
(c) Capital expenditure	(iii) Borrowings
(d) Private goods	(iv) Rivalrous in nature

Options

• (a) - (i)

• (b) - (ii)

• (c) - (iii)

• (d) - (iv)

Answer 1

(d) - (iv)

Explanation:

Private goods are characterised by being ‘rivalrous’ and ‘excludable’, meaning that their consumption by one person reduces availability for others. This is the correct definition of private goods, making this the correct pair.