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