SSC economy quiz 10 September 22, 2018 September 22, 2018 Please enter your email: 1. 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 2. Which of the following groups suffer the most from inflation? Debtors Business class Holders of real assets Creditors 3. Which of the following is wrongly matched? 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 Stagflation: slow pace of economic activity due to falling prices 4. Minimum inflation in post economic reform was in : 2000-01 1999-2000 2002-03 2001-02 5. Who among the following is most benefitted from inflation? Savings Bank Account holders Creditors Government pensioners Debtors 6. 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 7. 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 8. Poverty in less developed countries is largely due to lack of intelligence of the people lack of cultural activities income inequality voluntary idleness 9. Among the remedies of inflation we cannot include: an efficient public distribution system reducing budgetary deficit better capacity utilisation lowering bank rate 10. A very rapid growth in prices in which money loses its value to the point where even disinflation deflation hyper-inflation inflation Loading … Question 1 of 10 Share this:WhatsAppTelegramTweet Related
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