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. The Assam Co-operative Apex Bank plays a crucial role in supporting which sector of the economy?
Q1. 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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Q2. Which of the following Indian Economist won Nobel Prize in Economic Science?
Q2. 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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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. SEBI stands for
Q4. 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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Q5. Who is the author of the book "Principles of Economics"?
Q5. Who is the author of the book "Principles of Economics"?
(A) Adam Smith
(A) Adam Smith
(A) Adam Smith
(B) Alfred Marshall
(B) Alfred Marshall
(B) Alfred Marshall
(C) Lionell Robbins
(C) Lionell Robbins
(C) Lionell Robbins
(D) David Ricardo
(D) David Ricardo
(D) David Ricardo
Answer: (B) Alfred Marshall
Answer: (B) Alfred Marshall
Answer: (B) Alfred Marshall
Alfred Marshall (1842-1924) is the author of Principles of Economics, which was first published in 1890. Marshall was a British economist and a founder of the "neoclassical" school of economics. The book is considered to be Marshall's most influential work.
Alfred Marshall (1842-1924) is the author of Principles of Economics, which was first published in 1890. Marshall was a British economist and a founder of the "neoclassical" school of economics. The book is considered to be Marshall's most influential work.
Alfred Marshall (1842-1924) is the author of Principles of Economics, which was first published in 1890. Marshall was a British economist and a founder of the "neoclassical" school of economics. The book is considered to be Marshall's most influential work.
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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. What is the major crop cultivated in the Brahmaputra Valley of Assam?
Q7. 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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Q8. Who is the author of the book "An Essay on the nature and Significance of Economic Science"?
Q8. Who is the author of the book "An Essay on the nature and Significance of Economic Science"?
(A) Adam Smith
(A) Adam Smith
(A) Adam Smith
(B) David Ricardo
(B) David Ricardo
(B) David Ricardo
(C) Alfred Marshall
(C) Alfred Marshall
(C) Alfred Marshall
(D) Lionell Robbins
(D) Lionell Robbins
(D) Lionell Robbins
Answer: (D) Lionell Robbins
Answer: (D) Lionell Robbins
Answer: (D) Lionell Robbins
Lionel Robbins is the author of An Essay on the Nature and Significance of Economic Science. The book was first published in 1932.
Lionel Robbins is the author of An Essay on the Nature and Significance of Economic Science. The book was first published in 1932.
Lionel Robbins is the author of An Essay on the Nature and Significance of Economic Science. The book was first published in 1932.
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Q9. An income which is not declared by a person or a group of persons in a nation is termed as?
Q9. 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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Q10. The first bank established in Assam is?
Q10. The first bank established in Assam is?
(A) State Bank of India
(A) State Bank of India
(A) State Bank of India
(B) Bandhan Bank
(B) Bandhan Bank
(B) Bandhan Bank
(C) Lakhimi Bank
(C) Lakhimi Bank
(C) Lakhimi Bank
(D) Guwahati Bank
(D) Guwahati Bank
(D) Guwahati Bank
Answer: (D) Guwahati Bank
Answer: (D) Guwahati Bank
Answer: (D) Guwahati Bank
The first bank in Assam is The Gauhati Bank Ltd, which was incorporated on June 18, 1926.
The first bank in Assam is The Gauhati Bank Ltd, which was incorporated on June 18, 1926.
The first bank in Assam is The Gauhati Bank Ltd, which was incorporated on June 18, 1926.
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Related Questions
1. Why is the Indus Valley civilization considered Non-Aryan?2. The concepts of wages, rent, interest and profit are studied under which branch of Economics?3. Who is known as the father of Economics?4. Who is called the Father of Modern Economics?5. A continuous rise in the price level is called6. Seasonal Unemployment is generally seen in which section of Economy?7. Inflation implies8. Which economist is the author of the book "An Enquiry into the Nature and Cause of the Wealth of Nations"?9. What is the primary source of income in Assam's economy?10. What is the term for the process by which the universe became transparent to light, approximately 380,000 years after the Big Bang?11. India is12. Which social science studies the production, distribution and consumption of wealth?