Match the following.

List-I List-II

a. Perfect market 1. Close relationship between the wage setting and the allocation of labour

b. The Neo-classical market 2. Buyers and sellers are free to make an entry or exist any time

c. Natural market 3. Policies of trade unions, employers and the government influence wage movements

d. The Institutional market 4. Imperfections and inequality exists in the market

e. The Management market 5. Workers are innocent and ignorant

A) a-1, b-2, c-4, d-5, e-3 B) a-1, b-2, c-3, d-4, e-5 C) a-2, b-4, c-5, d-3, e-1 D) a-3, b-2, c-5, d-4, e-1

Answer & Solution

Correct Answer: Option C

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List-I	List-II
a. Perfect market	1. Close relationship between the wage setting and the allocation of labour
b. The Neo-classical market	2. Buyers and sellers are free to make an entry or exist any time
c. Natural market	3. Policies of trade unions, employers and the government influence wage movements
d. The Institutional market	4. Imperfections and inequality exists in the market
e. The Management market	5. Workers are innocent and ignorant