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 Creditors Business class 2. Who among the following is most benefitted from inflation? Debtors Government pensioners Creditors Savings Bank Account holders 3. Which of the following is wrongly matched? Stagflation: slow pace of economic activity due to falling prices Boom: Rapid and all-round spurt in economic activity Recession: Reduction in demand and production/ investment over a short period of time Depression: Insufficient demand causing large scale unemployment of men and machinery over a long period of time 4. A very rapid growth in prices in which money loses its value to the point where even disinflation deflation hyper-inflation inflation 5. The cause of inflation is: fall in production decrease in money supply and fall in production increase in money supply increase in money supply and fall in production 6. Inflationary Gap is a situation characterized by: Inflation that usually prevails in a developing country excess of Aggregate Demand over Aggregate Supply at the full employment level gap between Galloping Inflation and Runaway Inflation Inflation coupled with recession 7. Inflation is caused as a result of: fall in production increase in money supply without a corresponding increase in production increase in money supply decrease in money supply without a corresponding decrease in production 8. Among the remedies of inflation we cannot include: lowering bank rate reducing budgetary deficit better capacity utilisation an efficient public distribution system 9. Minimum inflation in post economic reform was in : 2002-03 2000-01 1999-2000 2001-02 10. Poverty in less developed countries is largely due to lack of intelligence of the people income inequality voluntary idleness lack of cultural activities Loading … Question 1 of 10 Share this:WhatsAppTelegramTweet Related
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