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