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