SSC economy quiz 13 September 22, 2018 September 22, 2018 Please enter your email: 1. Hard Currency is defined as currency: traded in foreign exchange market for which demand is persistently relative to the supply which is used in times of war which can hardly be used for international transactions which loses its value very fast 2. The best means of saving during inflation is to keep: Government Bonds money equity time deposits with Banks 3. Which of the following can be used for checking inflation temporarily? Increase in wages None of the above Decrease in taxes Decrease in money supply 4. An essential attribute of inflation is: absence of black market fall in production presence of black market increase in prices 5. Who among the following are not protected against inflation.? Pensioners Salaried class Agricultural farmers Industrial workers 6. The States’ debt does not include: loans from State Bank of India Provident Funds treasury bills issued to international financial institutions loans from the Central Government 7. Which of the following factors contributes to an inflationary trend? 15% increase in prices of agricultural products 15% increase in supply of money in the market 15% fall in production of industrial goods none of these 8. The situation with increasing unemployment and inflation is termed as: reflation hyperinflation galloping inflation stagflation 9. Inflation implies: rise in money supply rise in budget deficit rise in general price index rise in prices of consumer goods 10. The period of high inflation and low economic growth is termed as: none of these stagnation stagflation take-off stage in economy Loading … Question 1 of 10 Share this:WhatsAppTelegramTweet Related
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