A) (a) Depression - Insufficient demand causing large scale unemployment of men and machinery over a long period of time |
B) (b) Recession - Reduction in demand and production/investment over a short period of time |
C) (c ) Stagflation - slow pace of economic activity due to falling prices |
D) (d) Boom - Rapid and all-round spurt in economic activity |
C) (c ) Stagflation - slow pace of economic activity due to falling prices |
1). A high rate of inflation tends to worsen balance of payment because :
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2). The effect of inflation on tax revenue results in a situation known as :
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3). Inflation is caused as a result of :
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4). Which of the following accounts for Cost-Push Inflation?
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5). The inflation experienced in the country at present is :
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6). Which of the following Governmental steps has proved relatively effective in controlling the double digit rate of inflation in the Indian economy during recent years?
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7). Of the various ways of financing government's investment expenditure, the least inflationary is :
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8). Devaluation' means :
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9). Monetary policy is regulated by :
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10). One-rupee currency notes bear the signature of :
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