Question : Pump priming should be resorted at a time of _________.
Option 1: inflation
Option 2: deflation
Option 3: stagflation
Option 4: reflation
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Correct Answer: deflation
Solution : The correct option is Deflation.
Pump priming is a tactic to boost growth in response to deflation or economic contraction. Reducing taxes or increasing government spending are two examples of how to increase demand in an economy. A decrease in the overall demand for products and services during a deflationary period leads to price drops and possibly excessive unemployment.
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Question : Stagflation refers to a situation which is characterised by
Option 1: Stagnant employment and deflation
Option 2: deflation and rising unemployment
Option 3: inflation and rising employment
Option 4: inflation and rising unemployment
Question : Which of the following is represented by "The Lorenz Curve"?
Option 1: Employment
Option 2: Inflation
Option 3: Deflation
Option 4: Income Distribution
Question : Direction: Which one of the given responses would be a meaningful order of the following?
1. Absorption
2. Digestion
3. Nutrition
4. Excretion
Option 1: 3, 1, 2, 4
Option 2: 2, 1, 3, 4
Option 3: 3, 4, 2, 1
Option 4: 3, 2, 1, 4
Question : If $(a+\frac{1}{a})^{2}=3$, then the value of $(a^{6}-\frac{1}{a^{6}})$ will be:
Option 1: 1
Option 2: 3
Option 3: 0
Option 4: 2
Question : If $a^{3}+\frac{1}{a^{3}}=2$, then the value of $\frac{a^{2}+1}{a}$ is ($a$ is a positive number):
Option 2: 2
Option 3: 3
Option 4: 4
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