SSC economy quiz 10 September 22, 2018 September 22, 2018 Please enter your email: 1. Which of the following is wrongly matched? 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 Recession: Reduction in demand and production/ investment over a short period of time 2. 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 3. 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 Inflation coupled with recession gap between Galloping Inflation and Runaway Inflation 4. Which of the following groups suffer the most from inflation? Creditors Holders of real assets Business class Debtors 5. The cause of inflation is: increase in money supply and fall in production increase in money supply fall in production decrease in money supply and fall in production 6. Poverty in less developed countries is largely due to lack of intelligence of the people income inequality voluntary idleness lack of cultural activities 7. A very rapid growth in prices in which money loses its value to the point where even inflation disinflation deflation hyper-inflation 8. Minimum inflation in post economic reform was in : 2001-02 2002-03 2000-01 1999-2000 9. Who among the following is most benefitted from inflation? Savings Bank Account holders Debtors Government pensioners Creditors 10. Among the remedies of inflation we cannot include: an efficient public distribution system reducing budgetary deficit lowering bank rate better capacity utilisation Loading … Question 1 of 10 Share this:WhatsAppTelegramTweet Related
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