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