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GK
GK Set-1
Economics
Indian Economics
6

Indian Economics MCQ (GK Set-1) with Answers

6) Who among the following are not protected against inflation ?

Salaried class

Industrial workers

Pensioners

Agricultural farmers

Answer is:

Agricultural farmers

Indian Economics MCQ (GK Set-1) with Answers

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Related Indian Economics MCQ (GK Set-1) with Answers

7) The period of high inflation, low economic growth and high unemployment is termed as :

stagnation

take-off stage in economy

stagflation

none of these

Answer is:

stagflation

8) Stagflation implies a case of :

galloping inflation

recession plus inflation

adverse balance of trade

rising wages and employment

Answer is:

recession plus inflation

9) Deficit financing aims to put more money into the economy by creating additional paper currency to fill the gap between expenditure and revenue. The device aims at economic development but if it fails, it generates :

inflation

devaluation

deflation

demonetisation

Answer is:

inflation

10) A steady increase in the general level of prices as a result the aggregate demand is increasing in unsustainable rate as compared to aggregate supply is termed as :

demand-pull inflation

cost-push inflation

stagflation

structural inflation

Answer is:

demand-pull inflation

Indian Economics MCQ (GK Set-1) with Answers

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