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