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 Holders of real assets Business class Creditors 2. Among the remedies of inflation we cannot include: reducing budgetary deficit better capacity utilisation an efficient public distribution system lowering bank rate 3. Poverty in less developed countries is largely due to income inequality lack of cultural activities voluntary idleness lack of intelligence of the people 4. A very rapid growth in prices in which money loses its value to the point where even hyper-inflation deflation disinflation inflation 5. 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 6. Minimum inflation in post economic reform was in : 2001-02 1999-2000 2002-03 2000-01 7. Who among the following is most benefitted from inflation? Creditors Savings Bank Account holders Government pensioners Debtors 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: gap between Galloping Inflation and Runaway Inflation excess of Aggregate Demand over Aggregate Supply at the full employment level Inflation that usually prevails in a developing country Inflation coupled with recession 10. The cause of inflation is: decrease in money supply and fall in production increase in money supply increase in money supply and fall in production fall in production Loading … Question 1 of 10 Share this:WhatsAppTelegramTweet Related
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