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