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