The 'euro' currency was introduced as an accounting currency in which year? MCQ with Answer and Explanation

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The 'euro' currency was introduced as an accounting currency in which year?

A. 1999

B. 2005

C. 1992

D. 2002

Answer: Option A

Solution (By JKSSB Mock Tests)

The euro was introduced in bookkeeping form in 1999, with physical notes and coins in 2002.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

Cardinal utility analysis assumes that utility:

A. can be measured in cardinal numbers

B. depends on income only

C. is not comparable across persons

D. cannot be measured in numbers

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Correct Answer: Option A

Explanation:
Cardinal utility analysis assumes utility can be quantified in numerical units such as utils.

This question belongs to: Economy GK Economy Set 1

Question #2

The acceleration principle relates investment to changes in:

A. consumption or output

B. government expenditure

C. money supply

D. interest rates

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Correct Answer: Option A

Explanation:
The accelerator principle states that investment depends on changes in output or consumption.

This question belongs to: Economy GK Economy Set 1

Question #3

Which of the following is NOT a component of the Human Development Report published by UNDP?

A. Gender Inequality Index

B. Wholesale Price Index of India

C. Human Development Index

D. Multidimensional Poverty Index

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Correct Answer: Option B

Explanation:
The Wholesale Price Index is an Indian domestic price index. The Human Development Report includes HDI, GII, MPI and other development-related indices.

This question belongs to: Economy GK Economy Set 1

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