Economics MCQS STD 12
1) Which of the following is the real indicator of economic development?
(a) Increase in National Income
(b) increase in literacy
(c) Decrease in unemployment
(d) Increase in Per Capita income
2) What was the Human Development Index of Norway in 2014?
(a) 0.944
(b) 0.609
(c) 0.984
(d) 0.914
3) Who gave the following definition "Inflation is said to occur when monetary income
rises faster than real income"?
(a) Lemer
(b) Keynes
[C]. Pigou
(d) Marshal
4) At the time of inflation, RBI bonds in the open market
(a). sells
(b) purchases
(c) borrows
(d) lends
1) Which of the following is the real indicator of economic development?
(a) Increase in National Income
(b) increase in literacy
(c) Decrease in unemployment
(d) Increase in Per Capita income
2) What was the Human Development Index of Norway in 2014?
(a) 0.944
(b) 0.609
(c) 0.984
(d) 0.914
3) Who gave the following definition "Inflation is said to occur when monetary income
rises faster than real income"?
(a) Lemer
(b) Keynes
[C]. Pigou
(d) Marshal
4) At the time of inflation, RBI bonds in the open market
(a). sells
(b) purchases
(c) borrows
(d) lends
