Share Facebook Email Telegram WhatsApp Results #1. Inflation is the state in which .............................. The value of money decreases The value of money decreases The value of money increases The value of money increases The value of the money increases first and then decreases The value of the money increases first and then decreases The value of money decreases first and increases later The value of money decreases first and increases later #2. How inflation affects the price of the commodities? Price of the commodities decreases Price of the commodities decreases Price of the commodities increases Price of the commodities increases No effect No effect First the price decreases later on increases First the price decreases later on increases #3. When there is high inflation in the economy, how will it affect the supply of money in the economy? No effect on the money supply No effect on the money supply Supply of money decreases Supply of money decreases Supply of money increases Supply of money increases None of the above None of the above #4. Which of the following class will not be negatively affected by the higher inflation? The consumer class The consumer class The debtor class The debtor class Pensioner class Pensioner class Business class Business class #5. What is a stagflation? A situation in which the economy experiences recession. A situation in which the economy experiences recession. A situation in which the economy have inflation and recession altogether A situation in which the economy have inflation and recession altogether An economy where unemployment is high An economy where unemployment is high Both b and c Both b and c #6. Who compared the inflation with the robbers? Professor Keynes Professor Keynes Professor Jagdish Bhagwati Professor Jagdish Bhagwati Professor Brahmand and Wakeel Professor Brahmand and Wakeel Amartya Sen and JK Mehta Amartya Sen and JK Mehta #7. Who wrote the book "How to pay for Money"? Amartya Sen Amartya Sen Adam Smith Adam Smith Karl Marx Karl Marx Professor Keynes Professor Keynes #8. Which of the following concept is just opposite to deflation? Stagflation Stagflation Inflation Inflation Recession Recession Disinflation Disinflation #9. Which of the following measure is adopted to reduce inflation? Reduction in bank rate Reduction in bank rate Reduction in Repo rate Reduction in Repo rate Increase in government expenditure Increase in government expenditure Cuts in government spending Cuts in government spending #10. What is the base year for measuring inflation at wholesale Prices Index (WPI) in India? 2004-05 2004-05 2001-02 2001-02 2011-12 2011-12 2014-15 2014-15 Finish