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