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