SSC economy quiz 10 September 22, 2018 September 22, 2018 Please enter your email: 1. Minimum inflation in post economic reform was in : 2001-02 2002-03 1999-2000 2000-01 2. Who among the following is most benefitted from inflation? Government pensioners Debtors Creditors Savings Bank Account holders 3. Inflationary Gap is a situation characterized by: excess of Aggregate Demand over Aggregate Supply at the full employment level Inflation coupled with recession gap between Galloping Inflation and Runaway Inflation Inflation that usually prevails in a developing country 4. Among the remedies of inflation we cannot include: an efficient public distribution system better capacity utilisation lowering bank rate reducing budgetary deficit 5. A very rapid growth in prices in which money loses its value to the point where even deflation hyper-inflation inflation disinflation 6. The cause of inflation is: fall in production increase in money supply decrease in money supply and fall in production increase in money supply and fall in production 7. Which of the following is wrongly matched? 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 Stagflation: slow pace of economic activity due to falling prices Recession: Reduction in demand and production/ investment over a short period of time 8. Poverty in less developed countries is largely due to income inequality voluntary idleness lack of intelligence of the people lack of cultural activities 9. Which of the following groups suffer the most from inflation? Holders of real assets Debtors Business class Creditors 10. Inflation is caused as a result of: fall in production increase in money supply increase in money supply without a corresponding increase in production decrease in money supply without a corresponding decrease in production Loading … Question 1 of 10 Share this:WhatsAppTelegramTweet Related
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