UPPSC RO/ARO SAMARTH ECONOMY (INFLATION) QUIZ

Question 1:

In India, inflation is measured by-

Wholesale price index

Consumer price index

Consumer price index and Wholesale price index both

None of the above

Question 2:

The period of rising inflation but falling output and rising unemployment is called-

Stagflation

Recession

Disinflation

Depression

Question 3:

When price are falling continuously the phenomenon is called ?

Inflation

Stagflation

Deflation

Reflation

Question 4:

which of the following regarding stagflation is correct–

Rise in price of growth and stagnant growth rate in economy

Contraction in economy and stagnant growth rate in economy

Inflation galloping like stage

Rise in price of goods and increasing output

Question 5:

Which of the following groups suffers the most from inflation ?

Debators

Creditors

Bussinessmen

Holders of real assets

Question 6:

Cause of inflation in india is/are-

deficit financing

erratic agriculture growth

inadequate rise in industrial production

all of the above

Question 7:

Which of the following benefits the most from inflation?

Moneylender

Debtor

Saving account holders

State pensioner

Question 8:

Which of the following is not a method of controlling inflation?

Control over demand

Control over money supply

Reducing the rate of interest

Rationing of goods

Question 9:

Consider the following statements:-

1)Inflation benefits the borrowers.

2)Inflation benefits bond holders

Which of the above statements is/are correct-

1 only

2 only

Both 1 and 2

Neither 1 nor 2

Question 10:

Which of the following is most likely to be inflationary under its influence ?

Repayment of public debt

Public loan to finance the budget deficit

Loans from banks to finance the budget deficit

Creation of new currency to finance the budget deficit