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February 2, 2017

GS Test-13-Indian Economy-Inflation Subsidies and Indian Economy

Welcome to your Indian Economy Daily Test-13-Inflation, Subsidies and Indian Economy

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1) Which of the following statements is/are correct?
1.High growth will led to inflation.
2.High growth will lead to deflation.
Select the correct answer using the codes given below
2) Consider the following statements
1.Headline inflation may not present an accurate picture of the current state of the economy.
2.Inflationary spikes occur when a particular section of the economy experiences a sudden price rise.
Which of the statements given above is/are correct?
3) Which one of the following is related with the core inflation of an economy?
4) Consider the following statements
1.Deflation is a decrease in the general price level of goods and services.
2.Deflation is the negative inflation rate wNch falls below zero percent.
Which of the statements given above is/are correct?
5) Which one of the following is commonly occurred in the biflation in an economy?
6) The existence of a parallel economy/ black money
7) To convert GDP at market prices into factor cost we need to
8) Which one of the following has been the main measure of the rate of inflation in India?
9) Consider the following statements
1. In the disinflation the prices are still rising during disinflation but at a lower rate.
2.Deflation results into a sustained increase in the real value of money and other monetary items.
Which of the statements given above is/are correct?
10) Consider the following Services/ Goods
1.Police
2.National defence
3.Tax subsidies
Which of the services/goods given above is/are included in the ‘Public Goods’ of an economy?
11) Consider the following factors
1.Deficit financing
2.Black money in an economy
3.High rate of population growth
Which of the factors given above are responsible for the Demand-Pull inflation in an economy?
12) Consider the following statements about the Inflation
1.Inflation can lead to inequality in the distribution of income in an economy.
2.Inflation can lead to recession in the many sectors of an economy.
Which of the statements given above is/are correct?
13) Which one of the following is likely to be the most inflationary, in its effect?
14) Which one of the following inflations is the type of inflation that results from past events and persists in the present?
15) Which one of the following factors leads to the Agflation in an economy?
16) Consider the following statements
1.Tobin tax is a tax on all spot conversions of one currency into another.
2.Tobin tax is a currency transaction tax to find a way to manage exchange-rate volatility.
Which of the statements given above is/are correct?
17) Statement I Indian economy has experienced slower growth rate during the years 2010-11 and 2011 -12.
Statement II Indian economy has experienced weakening industrial growth during the period.
18) Which one of the following is correct about the Philips Curve of an economy?
19) Which one among the following is an appropriate description of deflation?
20) Consider the following items
1.Food products
2.Energy
Which of the items given above are mainly responsible for the Core Inflation?
21) With reference to Indian economy, consider the following statements
1.Three types of Consumer Price Index are used in the determination of Consumer Price Index.
2.Consumer Price Index of Industrial Worker and Consumer Price Index of Rural labour has given same weight in the determination of inflation.
Which of the statements given above is/are correct?
22) ‘World Development Report’ is an annual publication of
23) Consider the following statements
1.Headline inflation is a measure of the total inflation within an economy.
2.Headline inflation is affected by areas of the market which may experience sudden inflationary spikes such as food, vegetables or energy.
Which of the statements given above is/are correct?
24) A rapid increase in the rate of inflation is sometimes attributed to the ‘Base Effect’. What is the ‘Base Effect’ ?
25) Economic growth is usually^coupled With
26) Gross National Product at market prices is defined as
27) Consider the following statements
1.Inflation benefits the debtors.
2.Inflation benefits the bond-holders.
Which of the statements given above is/are correct?
28) Consider the following items
1.Sugar
2.Sugarcane
3.Vegetable oils
Which of the items given above is/are the Essential Commodities under the Essential Commodities Act, 1955?
29) Consider the following statements
1.Disinflation is a decrease in the rate of inflation.
2.In the disinflation, the inflation is falls below the zero per cent level.
Which of the statements given above is/are correct?
30) A rise in general level of prices may be caused by
1.an increase in the money supply.
2.a decrease in the aggregate level of output.
3.an increase in the effective demand.
Select the correct answer using the codes given below

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