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