SSC economy quiz 10 September 22, 2018 September 22, 2018 Please enter your email: 1. A very rapid growth in prices in which money loses its value to the point where even hyper-inflation inflation disinflation deflation 2. Poverty in less developed countries is largely due to income inequality lack of cultural activities lack of intelligence of the people voluntary idleness 3. Who among the following is most benefitted from inflation? Government pensioners Debtors Savings Bank Account holders Creditors 4. Which of the following is wrongly matched? Stagflation: slow pace of economic activity due to falling prices Depression: Insufficient demand causing large scale unemployment of men and machinery over a long period of time Recession: Reduction in demand and production/ investment over a short period of time Boom: Rapid and all-round spurt in economic activity 5. Inflationary Gap is a situation characterized by: Inflation that usually prevails in a developing country Inflation coupled with recession excess of Aggregate Demand over Aggregate Supply at the full employment level gap between Galloping Inflation and Runaway Inflation 6. Among the remedies of inflation we cannot include: reducing budgetary deficit better capacity utilisation lowering bank rate an efficient public distribution system 7. Inflation is caused as a result of: increase in money supply fall in production increase in money supply without a corresponding increase in production decrease in money supply without a corresponding decrease in production 8. The cause of inflation is: decrease in money supply and fall in production increase in money supply and fall in production fall in production increase in money supply 9. Minimum inflation in post economic reform was in : 2002-03 2001-02 2000-01 1999-2000 10. Which of the following groups suffer the most from inflation? Debtors Holders of real assets Business class Creditors Loading … Question 1 of 10 Share this:WhatsAppTelegramTweet Related
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