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. What is the major crop cultivated in the Brahmaputra Valley of Assam?
Q1. What is the major crop cultivated in the Brahmaputra Valley of Assam?
(A) Rice
(A) Rice
(A) Rice
(B) Wheat
(B) Wheat
(B) Wheat
(C) Cotton
(C) Cotton
(C) Cotton
(D) Sugarcane
(D) Sugarcane
(D) Sugarcane
Answer: (A) Rice
Answer: (A) Rice
Answer: (A) Rice
The major crop cultivated in the Brahmaputra Valley of Assam is rice (paddy).
The major crop cultivated in the Brahmaputra Valley of Assam is rice (paddy).
The major crop cultivated in the Brahmaputra Valley of Assam is rice (paddy).
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Q2. India is
Q2. India is
(A) Socialistic Economy
(A) Socialistic Economy
(A) Socialistic Economy
(B) Gandhian Economy
(B) Gandhian Economy
(B) Gandhian Economy
(C) Mixed Economy
(C) Mixed Economy
(C) Mixed Economy
(D) Free Economy
(D) Free Economy
(D) Free Economy
Answer: (C) Mixed Economy
Answer: (C) Mixed Economy
Answer: (C) Mixed Economy
Mixed Economy.
Both private and govt sector exists.
Mixed Economy. Both private and govt sector exists.
Mixed Economy. Both private and govt sector exists.
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Q3. Inflation implies
Q3. 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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Q4. LPG (Liberalization, Privatization, Globalization) Reforms of Indian Economy took place in the year?
Q4. 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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Q5. Which economist is the author of the book "An Enquiry into the Nature and Cause of the Wealth of Nations"?
Q5. Which economist is the author of the book "An Enquiry into the Nature and Cause of the Wealth of Nations"?
(A) John Maynard Keynes
(A) John Maynard Keynes
(A) John Maynard Keynes
(B) Alfred Marshall
(B) Alfred Marshall
(B) Alfred Marshall
(C) David Ricardo
(C) David Ricardo
(C) David Ricardo
(D) Adam Smith
(D) Adam Smith
(D) Adam Smith
Answer: (D) Adam Smith
Answer: (D) Adam Smith
Answer: (D) Adam Smith
Adam Smith
Adam Smith (5 June 1723 – 17 July 1790) was a Scottish economist and philosopher who was a pioneer in the thinking of political economy and key figure during the Scottish Enlightenment.
Adam Smith Adam Smith (5 June 1723 – 17 July 1790) was a Scottish economist and philosopher who was a pioneer in the thinking of political economy and key figure during the Scottish Enlightenment.
Adam Smith Adam Smith (5 June 1723 – 17 July 1790) was a Scottish economist and philosopher who was a pioneer in the thinking of political economy and key figure during the Scottish Enlightenment.
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Q6. Which of the following Indian Economist won Nobel Prize in Economic Science?
Q6. 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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Q7. Why is the Indus Valley civilization considered Non-Aryan?
Q7. Why is the Indus Valley civilization considered Non-Aryan?
(A) It had its own script
(A) It had its own script
(A) It had its own script
(B) It was an Urban civilization
(B) It was an Urban civilization
(B) It was an Urban civilization
(C) It extended up to the Narmada valley
(C) It extended up to the Narmada valley
(C) It extended up to the Narmada valley
(D) It had an agricultural economy
(D) It had an agricultural economy
(D) It had an agricultural economy
Answer: (B) It was an Urban civilization
Answer: (B) It was an Urban civilization
Answer: (B) It was an Urban civilization
The Indus Valley Civilization was Non-Aryan because it was Urban. Harappan Civilization is also known as The Indus Valley Civilisation. It was a Bronze Age civilisation mainly in the northwestern regions of South Asia, extending from what today is northeast Afghanistan to Pakistan and northwest India.
The Indus Valley Civilization was Non-Aryan because it was Urban. Harappan Civilization is also known as The Indus Valley Civilisation. It was a Bronze Age civilisation mainly in the northwestern regions of South Asia, extending from what today is northeast Afghanistan to Pakistan and northwest India.
The Indus Valley Civilization was Non-Aryan because it was Urban. Harappan Civilization is also known as The Indus Valley Civilisation. It was a Bronze Age civilisation mainly in the northwestern regions of South Asia, extending from what today is northeast Afghanistan to Pakistan and northwest India.
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Q8. An income which is not declared by a person or a group of persons in a nation is termed as?
Q8. 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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Q9. Which social science studies the production, distribution and consumption of wealth?
Q9. Which social science studies the production, distribution and consumption of wealth?
(A) Commerce
(A) Commerce
(A) Commerce
(B) Economics
(B) Economics
(B) Economics
(C) Political Science
(C) Political Science
(C) Political Science
(D) Sociology
(D) Sociology
(D) Sociology
Answer: (B) Economics
Answer: (B) Economics
Answer: (B) Economics
Economics is the social science that studies the production, distribution, and consumption of goods and services, including wealth. Economics is divided into two classes, microeconomics and macroeconomics, and it directly affects everyday life.
Economics is primarily concerned with analyzing the choices that individuals, businesses, governments, and nations make to allocate limited resources. Economic models emerged from the broader field of political economy in the late 19th century.
Economics is the social science that studies the production, distribution, and consumption of goods and services, including wealth. Economics is divided into two classes, microeconomics and macroeconomics, and it directly affects everyday life. Economics is primarily concerned with analyzing the choices that individuals, businesses, governments, and nations make to allocate limited resources. Economic models emerged from the broader field of political economy in the late 19th century.
Economics is the social science that studies the production, distribution, and consumption of goods and services, including wealth. Economics is divided into two classes, microeconomics and macroeconomics, and it directly affects everyday life. Economics is primarily concerned with analyzing the choices that individuals, businesses, governments, and nations make to allocate limited resources. Economic models emerged from the broader field of political economy in the late 19th century.
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Q10. The Assam Co-operative Apex Bank plays a crucial role in supporting which sector of the economy?
Q10. The Assam Co-operative Apex Bank plays a crucial role in supporting which sector of the economy?
(A) Agriculture
(A) Agriculture
(A) Agriculture
(B) Information Technology
(B) Information Technology
(B) Information Technology
(C) Tourism
(C) Tourism
(C) Tourism
(D) Heavy Industries
(D) Heavy Industries
(D) Heavy Industries
Answer: (A) Agriculture
Answer: (A) Agriculture
Answer: (A) Agriculture
The Assam Co-operative Apex Bank is a leading cooperative bank in Assam, primarily focused on providing financial assistance to the agricultural sector and allied activities. It plays a vital role in rural credit delivery, supporting farmers with loans for various agricultural purposes, including crop cultivation, livestock rearing, and development of irrigation infrastructure. The bank also supports other rural enterprises and contributes to the overall development of the rural economy in Assam.
The Assam Co-operative Apex Bank is a leading cooperative bank in Assam, primarily focused on providing financial assistance to the agricultural sector and allied activities. It plays a vital role in rural credit delivery, supporting farmers with loans for various agricultural purposes, including crop cultivation, livestock rearing, and development of irrigation infrastructure. The bank also supports other rural enterprises and contributes to the overall development of the rural economy in Assam.
The Assam Co-operative Apex Bank is a leading cooperative bank in Assam, primarily focused on providing financial assistance to the agricultural sector and allied activities. It plays a vital role in rural credit delivery, supporting farmers with loans for various agricultural purposes, including crop cultivation, livestock rearing, and development of irrigation infrastructure. The bank also supports other rural enterprises and contributes to the overall development of the rural economy in Assam.
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Related Questions
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