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