1). The situation with increasing unemployment and inflation is termed as :
A). hyperinflation |
B). galloping inflation |
C). stag inflation |
D). reflation |
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2). Which of the following factors contributes to an inflationary trend?
A). 15% fall in production of industrial goods |
B). 15% increase in prices of agricultural products |
C). 15% increase in supply of money in the market |
D). none of these |
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3). Which of the following can be used for checking inflation temporarily?
A). Increase in wages |
B). Decrease in money supply |
C). Decrease in taxes |
D). None of these |
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4). Who among the following are not protected against inflation?
A). Salaried class |
B). Industrial workers |
C). Pensioners |
D). Agricultural farmers |
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5). An essential attribute of inflation is :
A). fall in production |
B). increase in prices |
C). absence of black market |
D). presence of black market |
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6). The best means of saving during inflation is to keep :
A). money |
B). Government Bonds |
C). equity |
D). time deposits with Banks |
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7). The period of high inflation and low economic growth is termed as :
A). stagnation |
B). take-off stage in economy |
C). stagflation |
D). none of these3 |
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8). Stagflation implies a case of :
A). galloping inflation |
B). recession plus inflation |
C). adverse balance of trade |
D). rising wages and employment |
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9). Inflation can be contained by :
A). surplus budget |
B). increase in taxation |
C). reduction in public expenditure |
D). all the above |
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10). 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 :
A). inflation |
B). devaluation |
C). deflation |
D). demonetisation |
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