SSC economy quiz 14 September 22, 2018 September 22, 2018 Please enter your email: 1. The effect of inflation on tax revenue results in a situation known as : disinflation stagflation reflation fiscaldrag 2. In the last one decade, which one among the following sectors has attracted the highest Telecommunication Food processing Chemicals other than fertilizers Services sector 3. Deficit financing creates additional paper currency to fill the gap between expenditure and revenue. This device aims at economic development but if it fails, it generates : devaluation deflation demonetization inflation 4. A steady increase in the general level of prices as a result of excessive increase in demand-pull inflation cost-push inflation stagflation structural inflation 5. Rising prices lead to all but one of the following: promotion of inequalities adverse effect on balance of payments generation of black money adverse effect on speculation 6. Under the Constitution, the power to raise and disburse public funds: has been divided between the Union and State Governments has been given to the Finance Commission has been vested in Union Government has not been given to anyone 7. Inflation can be contained by: reduction in public expenditure increase in taxation surplus budget all the above 8. Rupee was devalued by what percent in July 1991 ? 20 22 25 18 9. A high rate of inflation tends to worsen balance of payments because: prices of exported goods rise making exports less competitive prices of imported goods rise prices of exported goods fall and hence less amount is obtained in terms of foreign exchange prices of imported goods fall and hence more is imported 10. Stagflation implies a case of: galloping inflation adverse balance of trade rising wages and employment recession plus inflation Loading … Question 1 of 10 Share this:WhatsAppTelegramTweet Related
