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 Government pensioners Savings Bank Account holders Creditors 2. Poverty in less developed countries is largely due to lack of cultural activities income inequality voluntary idleness lack of intelligence of the people 3. Inflationary Gap is a situation characterized by: Inflation coupled with recession 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 4. Inflation is caused as a result of: increase in money supply without a corresponding increase in production fall in production increase in money supply decrease in money supply without a corresponding decrease in production 5. Which of the following groups suffer the most from inflation? Holders of real assets Business class Debtors Creditors 6. The cause of inflation is: decrease in money supply and fall in production increase in money supply and fall in production increase in money supply fall in production 7. Minimum inflation in post economic reform was in : 1999-2000 2001-02 2002-03 2000-01 8. Which of the following is wrongly matched? Depression: Insufficient demand causing large scale unemployment of men and machinery over a long period of time 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 9. Among the remedies of inflation we cannot include: lowering bank rate reducing budgetary deficit better capacity utilisation an efficient public distribution system 10. A very rapid growth in prices in which money loses its value to the point where even hyper-inflation deflation disinflation inflation Loading … Question 1 of 10 Share this:WhatsAppTelegramTweet Related
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