SSC economy quiz 10 September 22, 2018 September 22, 2018 Please enter your email: 1. Poverty in less developed countries is largely due to lack of cultural activities income inequality lack of intelligence of the people voluntary idleness 2. A very rapid growth in prices in which money loses its value to the point where even hyper-inflation deflation inflation disinflation 3. Who among the following is most benefitted from inflation? Creditors Debtors Savings Bank Account holders Government pensioners 4. Minimum inflation in post economic reform was in : 1999-2000 2001-02 2002-03 2000-01 5. Which of the following groups suffer the most from inflation? Business class Creditors Debtors Holders of real assets 6. The cause of inflation is: fall in production increase in money supply and fall in production increase in money supply decrease in money supply and fall in production 7. 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 8. Among the remedies of inflation we cannot include: reducing budgetary deficit lowering bank rate better capacity utilisation an efficient public distribution system 9. Inflation is caused as a result of: fall in production increase in money supply decrease in money supply without a corresponding decrease in production increase in money supply without a corresponding increase in production 10. 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 Boom: Rapid and all-round spurt in economic activity Depression: Insufficient demand causing large scale unemployment of men and machinery over a long period of time Loading … Question 1 of 10 Share this:WhatsAppTelegramTweet Related
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