SSC economy quiz 10 September 22, 2018 September 22, 2018 Please enter your email: 1. Among the remedies of inflation we cannot include: lowering bank rate better capacity utilisation reducing budgetary deficit an efficient public distribution system 2. Who among the following is most benefitted from inflation? Government pensioners Creditors Savings Bank Account holders Debtors 3. Inflationary Gap is a situation characterized by: Inflation that usually prevails in a developing country gap between Galloping Inflation and Runaway Inflation excess of Aggregate Demand over Aggregate Supply at the full employment level Inflation coupled with recession 4. A very rapid growth in prices in which money loses its value to the point where even inflation hyper-inflation deflation disinflation 5. Inflation is caused as a result of: decrease in money supply without a corresponding decrease in production increase in money supply fall in production increase in money supply without a corresponding increase in production 6. The cause of inflation is: fall in production increase in money supply and fall in production decrease in money supply and fall in production increase in money supply 7. Which of the following groups suffer the most from inflation? Business class Holders of real assets Debtors Creditors 8. Minimum inflation in post economic reform was in : 2002-03 1999-2000 2000-01 2001-02 9. Which of the following is wrongly matched? 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 Boom: Rapid and all-round spurt in economic activity Stagflation: slow pace of economic activity due to falling prices 10. Poverty in less developed countries is largely due to income inequality lack of intelligence of the people lack of cultural activities voluntary idleness Loading … Question 1 of 10 Share this:WhatsAppTelegramTweet Related
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