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