Economics-Inflation
Understanding Inflation: A Quick Quiz
Test your knowledge on inflation and its effects on the economy with this engaging quiz! Discover key concepts, definitions, and practical implications of inflation through a series of thought-provoking questions.
This quiz covers:
- Causes of inflation
- Effects on different economic agents
- Measure and management of inflation
High inflation levels in the economy leads to _______ in the supply of money.
Increase
Decrease
No Change
Non of the above
A government resorts to __________ to reduce inflation.
Reduction in repo rate
Increase in government expenditure
Cuts in government spending
None of the above
When the price levels of goods and services are falling continuously, this phenomenon is called
Stagflation
Deflation
Inflation
None of the above
If too much money is chasing too few goods, the resulting inflation is known as __________.
Demand-pull inflation
Stagflation
Cost-push inflation
None of the above
Inflation is measured by _______.
Consumer price index
Wholesale price index
Marshall’s index
None of the above
Inflation brings most benefits to which one of the following?
Govt. Pensioners
Creditors
Debtors
Savings bank a/c Holder
Higher inflation in INDIA would result in
More export,more import,higher AD
Less exports,more import,lower AD
Rise in Real Income
Increase in AD
When too many funds are hunting down too few goods, the probable result of inflation is recognised as __________.
Demand-pull inflation
Stagflation
Cost-push inflation
Deflation
Once the CRR is continued to increase by the RBI, this will
Add more money to the economy
There will be no change in the amount of money in the economy.
Decrease the supply of money in the economy
At first, it influences the availability, but later on, it will automatically decrease
Which one of the following observers is adopted by RBI to reduce inflation?
Increase in Repo rate
Cuts in government spending
Reduction in tax rate
Increase in government expenditure
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