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. Which of the following groups suffer the most from inflation? Business class Creditors Holders of real assets Debtors 3. Inflationary Gap is a situation characterized by: 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 Inflation coupled with recession 4. A very rapid growth in prices in which money loses its value to the point where even disinflation inflation deflation hyper-inflation 5. Poverty in less developed countries is largely due to income inequality lack of cultural activities voluntary idleness lack of intelligence of the people 6. Which of the following is wrongly matched? Recession: Reduction in demand and production/ investment over a short period of time Boom: Rapid and all-round spurt in economic activity 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 7. Inflation is caused as a result of: decrease in money supply without a corresponding decrease in production increase in money supply increase in money supply without a corresponding increase in production fall in production 8. Among the remedies of inflation we cannot include: reducing budgetary deficit an efficient public distribution system lowering bank rate better capacity utilisation 9. Minimum inflation in post economic reform was in : 2000-01 2001-02 2002-03 1999-2000 10. The cause of inflation is: decrease in money supply and fall in production increase in money supply and fall in production fall in production increase in money supply Loading … Question 1 of 10 Share this:WhatsAppTelegramTweet Related
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