10 QUESTIONS ON INFLATION
Understanding Inflation: Test Your Knowledge
Take our quiz to assess your understanding of inflation! This quiz consists of 10 carefully crafted questions that will challenge your knowledge on various aspects of inflation, its causes, and its effects on the economy.
Whether you're a student wanting to learn more about economic concepts or just curious about how inflation impacts our lives, this quiz is for you! You can expect questions like:
- What causes inflation?
- How does inflation affect purchasing power?
- Who coined the term "stagflation"?
Inflation is measurable.
True
False
Partially True - Partially False
None of the above
Inflation is equivalent to Price Rise
True
False
Partially True - Partially False
None of the above
During the situation of inflation purchasing power ....
Increases
Decreases
Firstly Increases and Later Decreases
None of the above
Inflation occurs due to ...
Demand
Supply
Both A & B
None of the above
Inflation has direct correlation with price of goods & services
True
False
Partially True - Partially False
None of the above
Deficit Financing means..
Printing of more currency notes
Spending more money on Public Infra
Both A & B
None of the above
If the price of raw material increases then inflation also increases so which of the following raw material increases inflation the most especially in case of India?
Cement
Wheat
Crude Oil
Iron & Steel
If inflation takes place due to fall in supply then its called?
Supply Shock Inflation
Cost Push Inflation
Both A & B
None of the above
Who coined the term of Stagflation
J M Keynes
Marshall
Robertson
None of the above
At what rate India's population increases per annum?
1%
1.5%
1.9%
2%
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