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