SSC economy quiz 10 September 22, 2018 September 22, 2018 Please enter your email: 1. 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 2. Which of the following is wrongly matched? Boom: Rapid and all-round spurt in economic activity Stagflation: slow pace of economic activity due to falling prices Recession: Reduction in demand and production/ investment over a short period of time Depression: Insufficient demand causing large scale unemployment of men and machinery over a long period of time 3. Among the remedies of inflation we cannot include: an efficient public distribution system better capacity utilisation lowering bank rate reducing budgetary deficit 4. Which of the following groups suffer the most from inflation? Debtors Creditors Holders of real assets Business class 5. Poverty in less developed countries is largely due to voluntary idleness income inequality lack of cultural activities lack of intelligence of the people 6. The cause of inflation is: increase in money supply fall in production decrease in money supply and fall in production increase in money supply and fall in production 7. Inflationary Gap is a situation characterized by: Inflation that usually prevails in a developing country excess of Aggregate Demand over Aggregate Supply at the full employment level Inflation coupled with recession gap between Galloping Inflation and Runaway Inflation 8. Who among the following is most benefitted from inflation? Government pensioners Debtors Creditors Savings Bank Account holders 9. Minimum inflation in post economic reform was in : 2000-01 2001-02 1999-2000 2002-03 10. A very rapid growth in prices in which money loses its value to the point where even deflation disinflation hyper-inflation inflation Loading … Question 1 of 10 Share this:WhatsAppTelegramTweet Related
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