Question

From the set of information given in Column A and Column B, choose the correct pair of options:

Column I	Column II
(A) Economic growth	(i) Allocation of resources
(B) Economic development	(ii) An increase in real national income
(C) What to produce?	(iii) Choice of Techniques of Production
(D) How to Produce	(iv) Quantitative as well as qualitative changes in the economy.

Choose the correct alternative:

Options

• (A) (ii), (B) (iv), (C) (iii), (D) (i)

• (A) (iii), (B) (ii), (C) (iv), (D) (i)

• (A) (ii), (B) (iv), (C) (i), (D) (iii)

• (A) (iii), (B) (i), (C) (iv), (D) (ii)

Answer 1

(A) (ii), (B) (iv), (C) (i), (D) (iii)

Explanation:

Column I	Column II
(A) Economic growth	(ii) An increase in real national income
(B) Economic development	(iv) Quantitative as well as qualitative changes in the economy.
(C) What to produce?	(i) Allocation of resources
(D) How to Produce	(iii) Choice of Techniques of Production