41ˢᵗ B.P.S.C. (Pre) 1996
Which of the following is not directly important for economic development?
aQuantity of money✓ Correct
bPrice stability
cSavings rate
dUse of resources
Explanation
Money is used as a medium of exchange, which helps in the smooth functioning of economic activities. That is, unlike price stability, the savings rate and the utilisation of resources, it contributes to economic development not directly but indirectly.
economic-social-development