A continuous rise in the price level is called [#1660]
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Q1. A continuous rise in the price level is called
Q1. A continuous rise in the price level is called
(A) stagflation
(A) stagflation
(A) stagflation
(B) deflation
(B) deflation
(B) deflation
(C) hyperinflation
(C) hyperinflation
(C) hyperinflation
(D) inflation
(D) inflation
(D) inflation
Answer: (D) inflation
Answer: (D) inflation
Answer: (D) inflation
Inflation refers to a sustained increase in the general price level of goods and services in an economy over time. This means that, on average, things cost more today than they did in the past.
Stagflation is an economic situation where there is high inflation, slow economic growth, and high unemployment.
Deflation is a general decline in prices for goods and services, typically associated with a contraction in the supply of money and credit in the economy.
Hyperinflation is a rapid and extreme increase in the price of goods and services, which causes the value of a local currency to quickly erode.
Inflation refers to a sustained increase in the general price level of goods and services in an economy over time. This means that, on average, things cost more today than they did in the past. Stagflation is an economic situation where there is high inflation, slow economic growth, and high unemployment. Deflation is a general decline in prices for goods and services, typically associated with a contraction in the supply of money and credit in the economy. Hyperinflation is a rapid and extreme increase in the price of goods and services, which causes the value of a local currency to quickly erode.
Inflation refers to a sustained increase in the general price level of goods and services in an economy over time. This means that, on average, things cost more today than they did in the past. Stagflation is an economic situation where there is high inflation, slow economic growth, and high unemployment. Deflation is a general decline in prices for goods and services, typically associated with a contraction in the supply of money and credit in the economy. Hyperinflation is a rapid and extreme increase in the price of goods and services, which causes the value of a local currency to quickly erode.
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Related MCQ Quizzes
Q1. An income which is not declared by a person or a group of persons in a nation is termed as?
Q1. An income which is not declared by a person or a group of persons in a nation is termed as?
(A) High powered money
(A) High powered money
(A) High powered money
(B) Fiat money
(B) Fiat money
(B) Fiat money
(C) Hot money
(C) Hot money
(C) Hot money
(D) Black money
(D) Black money
(D) Black money
Answer: (D) Black money
Answer: (D) Black money
Answer: (D) Black money
Black money is income that is not declared by a person or group of people in a country. It is also known as "illegitimate" because it is not recognized for tax declaration.
Black money is income that is not declared by a person or group of people in a country. It is also known as "illegitimate" because it is not recognized for tax declaration.
Black money is income that is not declared by a person or group of people in a country. It is also known as "illegitimate" because it is not recognized for tax declaration.
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Q2. What is the term for the process by which the universe became transparent to light, approximately 380,000 years after the Big Bang?
Q2. What is the term for the process by which the universe became transparent to light, approximately 380,000 years after the Big Bang?
(A) Cosmic inflation
(A) Cosmic inflation
(A) Cosmic inflation
(B) Dark matter formation
(B) Dark matter formation
(B) Dark matter formation
(C) Recombination
(C) Recombination
(C) Recombination
(D) Galaxy formation
(D) Galaxy formation
(D) Galaxy formation
Answer: (C) Recombination
Answer: (C) Recombination
Answer: (C) Recombination
Recombination marks the point when the universe had cooled enough for electrons and protons to combine into neutral atoms, allowing photons to travel freely through space without being scattered by charged particles. This event, also known as the "era of recombination," occurred about 380,000 years after the Big Bang.
Recombination marks the point when the universe had cooled enough for electrons and protons to combine into neutral atoms, allowing photons to travel freely through space without being scattered by charged particles. This event, also known as the "era of recombination," occurred about 380,000 years after the Big Bang.
Recombination marks the point when the universe had cooled enough for electrons and protons to combine into neutral atoms, allowing photons to travel freely through space without being scattered by charged particles. This event, also known as the "era of recombination," occurred about 380,000 years after the Big Bang.
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Q3. LPG (Liberalization, Privatization, Globalization) Reforms of Indian Economy took place in the year?
Q3. LPG (Liberalization, Privatization, Globalization) Reforms of Indian Economy took place in the year?
(A) 1987
(A) 1987
(A) 1987
(B) 1991
(B) 1991
(B) 1991
(C) 1993
(C) 1993
(C) 1993
(D) 1995
(D) 1995
(D) 1995
Answer: (B) 1991
Answer: (B) 1991
Answer: (B) 1991
The LPG (Liberalization, Privatization, and Globalization) reforms were announced on July 24, 1991. The reforms were also known as the New Economic Policy.
The LPG (Liberalization, Privatization, and Globalization) reforms were announced on July 24, 1991. The reforms were also known as the New Economic Policy.
The LPG (Liberalization, Privatization, and Globalization) reforms were announced on July 24, 1991. The reforms were also known as the New Economic Policy.
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Q4. Inflation implies
Q4. Inflation implies
(A) Rise in budget deficit
(A) Rise in budget deficit
(A) Rise in budget deficit
(B) Rise in money supply
(B) Rise in money supply
(B) Rise in money supply
(C) Rise in general price index
(C) Rise in general price index
(C) Rise in general price index
(D) Rise in prices of consumer goods
(D) Rise in prices of consumer goods
(D) Rise in prices of consumer goods
Answer: (C) Rise in general price index
Answer: (C) Rise in general price index
Answer: (C) Rise in general price index
Rise in general price index
Rise in general price index
Rise in general price index
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Q5. A continuous rise in the price level is called
Q5. A continuous rise in the price level is called
(A) stagflation
(A) stagflation
(A) stagflation
(B) deflation
(B) deflation
(B) deflation
(C) hyperinflation
(C) hyperinflation
(C) hyperinflation
(D) inflation
(D) inflation
(D) inflation
Answer: (D) inflation
Answer: (D) inflation
Answer: (D) inflation
Inflation refers to a sustained increase in the general price level of goods and services in an economy over time. This means that, on average, things cost more today than they did in the past.
Stagflation is an economic situation where there is high inflation, slow economic growth, and high unemployment.
Deflation is a general decline in prices for goods and services, typically associated with a contraction in the supply of money and credit in the economy.
Hyperinflation is a rapid and extreme increase in the price of goods and services, which causes the value of a local currency to quickly erode.
Inflation refers to a sustained increase in the general price level of goods and services in an economy over time. This means that, on average, things cost more today than they did in the past. Stagflation is an economic situation where there is high inflation, slow economic growth, and high unemployment. Deflation is a general decline in prices for goods and services, typically associated with a contraction in the supply of money and credit in the economy. Hyperinflation is a rapid and extreme increase in the price of goods and services, which causes the value of a local currency to quickly erode.
Inflation refers to a sustained increase in the general price level of goods and services in an economy over time. This means that, on average, things cost more today than they did in the past. Stagflation is an economic situation where there is high inflation, slow economic growth, and high unemployment. Deflation is a general decline in prices for goods and services, typically associated with a contraction in the supply of money and credit in the economy. Hyperinflation is a rapid and extreme increase in the price of goods and services, which causes the value of a local currency to quickly erode.
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Q6. Which commodity has Assam exported the most of?
Q6. Which commodity has Assam exported the most of?
(A) Tea
(A) Tea
(A) Tea
(B) Coal
(B) Coal
(B) Coal
(C) Jute products
(C) Jute products
(C) Jute products
(D) Oil and petroleum products
(D) Oil and petroleum products
(D) Oil and petroleum products
Answer: (A) Tea
Answer: (A) Tea
Answer: (A) Tea
Assam is world-famous for its tea production, and tea is the state's most significant export commodity. Assam tea, known for its strong and malty flavor, is exported globally, contributing substantially to the state's economy. While other commodities like oil, jute, timber, and silk are also produced and exported from Assam, tea remains the dominant export.
Assam is world-famous for its tea production, and tea is the state's most significant export commodity. Assam tea, known for its strong and malty flavor, is exported globally, contributing substantially to the state's economy. While other commodities like oil, jute, timber, and silk are also produced and exported from Assam, tea remains the dominant export.
Assam is world-famous for its tea production, and tea is the state's most significant export commodity. Assam tea, known for its strong and malty flavor, is exported globally, contributing substantially to the state's economy. While other commodities like oil, jute, timber, and silk are also produced and exported from Assam, tea remains the dominant export.
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Q7. Which of the following Indian Economist won Nobel Prize in Economic Science?
Q7. Which of the following Indian Economist won Nobel Prize in Economic Science?
(A) Rabindranath Tagore
(A) Rabindranath Tagore
(A) Rabindranath Tagore
(B) C. V. Raman
(B) C. V. Raman
(B) C. V. Raman
(C) Arundhti Roy
(C) Arundhti Roy
(C) Arundhti Roy
(D) Amartya Sen
(D) Amartya Sen
(D) Amartya Sen
Answer: (D) Amartya Sen
Answer: (D) Amartya Sen
Answer: (D) Amartya Sen
Amartya Sen is the only Indian economist to win the Nobel Memorial Prize in Economic Sciences, which he received in 1998. Sen is known for his work on welfare economics, social choice theory, and development economics. He is also known for his interest in the problems of society's poorest members and his work on the causes of famine.
Amartya Sen is the only Indian economist to win the Nobel Memorial Prize in Economic Sciences, which he received in 1998. Sen is known for his work on welfare economics, social choice theory, and development economics. He is also known for his interest in the problems of society's poorest members and his work on the causes of famine.
Amartya Sen is the only Indian economist to win the Nobel Memorial Prize in Economic Sciences, which he received in 1998. Sen is known for his work on welfare economics, social choice theory, and development economics. He is also known for his interest in the problems of society's poorest members and his work on the causes of famine.
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Q8. The concepts of wages, rent, interest and profit are studied under which branch of Economics?
Q8. The concepts of wages, rent, interest and profit are studied under which branch of Economics?
(A) Microeconomics
(A) Microeconomics
(A) Microeconomics
(B) Macroeconomics
(B) Macroeconomics
(B) Macroeconomics
(C) Econometrics
(C) Econometrics
(C) Econometrics
(D) Classical Economics
(D) Classical Economics
(D) Classical Economics
Answer: (A) Microeconomics
Answer: (A) Microeconomics
Answer: (A) Microeconomics
Microeconomics
Microeconomics
Microeconomics
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Q9. SEBI stands for
Q9. SEBI stands for
(A) Science and Engineering Board of India
(A) Science and Engineering Board of India
(A) Science and Engineering Board of India
(B) Securities and Exchange Board of India
(B) Securities and Exchange Board of India
(B) Securities and Exchange Board of India
(C) Social Equity Bureau of India
(C) Social Equity Bureau of India
(C) Social Equity Bureau of India
(D) Science and Educational Board of India
(D) Science and Educational Board of India
(D) Science and Educational Board of India
Answer: (B) Securities and Exchange Board of India
Answer: (B) Securities and Exchange Board of India
Answer: (B) Securities and Exchange Board of India
Securities and Exchange Board of India
Securities and Exchange Board of India
Securities and Exchange Board of India
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Q10. Who is called the Father of Modern Economics?
Q10. Who is called the Father of Modern Economics?
(A) John Maynard Keynes
(A) John Maynard Keynes
(A) John Maynard Keynes
(B) Adam Smith
(B) Adam Smith
(B) Adam Smith
(C) Alfred Marshall
(C) Alfred Marshall
(C) Alfred Marshall
(D) Karl Marx
(D) Karl Marx
(D) Karl Marx
Answer: (B) Adam Smith
Answer: (B) Adam Smith
Answer: (B) Adam Smith
Adam Smith
Adam Smith
Adam Smith
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Related Questions
1. Which social science studies the production, distribution and consumption of wealth?2. Who is the author of the book "Principles of Economics"?3. The Assam Co-operative Apex Bank plays a crucial role in supporting which sector of the economy?4. What is the major crop cultivated in the Brahmaputra Valley of Assam?5. Why is the Indus Valley civilization considered Non-Aryan?6. Which economist is the author of the book "An Enquiry into the Nature and Cause of the Wealth of Nations"?7. Who is the author of the book "An Essay on the nature and Significance of Economic Science"?8. India is9. What is the primary source of income in Assam's economy?10. The first bank established in Assam is?11. Seasonal Unemployment is generally seen in which section of Economy?12. Who is known as the father of Economics?