Indian Economics MCQ (GK Set-1) with Answers

Indian Economics MCQ (GK Set-1) with Answers

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

Answer is:

Agricultural farmers

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

Answer is:

stagflation

8) Stagflation implies a case of :

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 :

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 :

Answer is:

demand-pull inflation