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