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The four classical sub-divisions of the subject matter of Economics are:
AConsumption, Production, Exchange, Distribution
BDemand, Supply, Equilibrium, Price
CCapital, Labour, Land, Organization
DMoney, Banking, Finance, Trade
Answer & Solution
Correct answer: A. Consumption, Production, Exchange, Distribution
1. Per OCR: "This subject matter of economics is divided into four parts. (i) Consumption (ii) Production (iii) Exchange (iv) Distribution."
2. Classical taxonomy.
3. Modern economists added Employment, Income, Planning, International Trade.
_Source: ICMAI BoS CMA Foundation Paper 4 (FBEM) — Paper4_07042026.pdf, Module 1 §1.1 (page 12)_
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