Question : In which situation do wages and prices chase each other at a very quick speed?
Option 1: Disinflation
Option 2: Reflation
Option 3: Stagflation
Option 4: Hyperinflation
Correct Answer: Hyperinflation
Solution : The correct answer is Hyperinflation.
Wages and prices tend to chase each other at a very quick speed during periods of hyperinflation. It occurs when prices in an economy rise very quickly, often by hundreds or even thousands of per cent per year. This makes the country's money lose its value fast, causing everyday things to become extremely expensive.
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Question : What is a moderate degree of controlled inflation called?
Option 1: Reflation
Option 2: Stagflation
Option 3: Hyper-inflation
Option 4: Disinflation
Question : Three cars travelled a distance in the ratio 1 : 2 : 3. If the ratio of the time of travel is 3 : 2 : 1, then the ratio of their speed is:
Option 1: 3 : 9 : 1
Option 2: 1 : 3 : 9
Option 3: 1 : 2 : 4
Option 4: 4 : 3 : 2
Question : Which of the following statements is true regarding disinflation?
Option 1: A scenario when inflation is mainly due to inflation of only a few commodities and not of all commodities.
Option 2: An overall decrease in prices over a specific period.
Option 3: A decrease in the rate of inflation in a specific period.
Option 4: A sudden sharp decrease in prices due to unexpected reasons.
Question : A car starts at 3 pm at a speed of 50 km/hr. Another car follows it at 4 pm at a speed of 75 km/hr. At what time will the two cars meet?
Option 1: 6 pm
Option 2: 5 pm
Option 3: 7 pm
Option 4: 8 pm
Question : Two trains 121 m and 99 m in length, respectively, are running in opposite directions, one at a speed of 40 km/hr and the other at a speed of 32 km/hr. At what time will they be completely clear of each other from the moment they meet?
Option 1: 11 sec
Option 2: 12 sec
Option 3: 13 sec
Option 4: 10 sec
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