SSC economy quiz 10 September 22, 2018 September 22, 2018 Please enter your email: 1. 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 2. Poverty in less developed countries is largely due to voluntary idleness lack of cultural activities income inequality lack of intelligence of the people 3. Minimum inflation in post economic reform was in : 2001-02 2002-03 1999-2000 2000-01 4. Who among the following is most benefitted from inflation? Government pensioners Debtors Savings Bank Account holders Creditors 5. Inflationary Gap is a situation characterized by: Inflation coupled with recession excess of Aggregate Demand over Aggregate Supply at the full employment level Inflation that usually prevails in a developing country gap between Galloping Inflation and Runaway Inflation 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. Which of the following groups suffer the most from inflation? Debtors Creditors Business class Holders of real assets 8. A very rapid growth in prices in which money loses its value to the point where even deflation hyper-inflation inflation disinflation 9. Among the remedies of inflation we cannot include: an efficient public distribution system reducing budgetary deficit better capacity utilisation lowering bank rate 10. The cause of inflation is: increase in money supply and fall in production decrease in money supply and fall in production increase in money supply fall in production Loading … Question 1 of 10 Share this:WhatsAppTelegramTweet Related
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