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