Question : Which of the following is a consequence of an inflationary price rise?
Option 1: Obstacle in development
Option 2: Increase in economic inequalities
Option 3: Adverse effect on the balance payment
Option 4: All of these
Correct Answer: All of these
Solution : The correct answer is all of these.
All three outcomes are related to an increase in inflationary prices. Inflation that is both high and variable can hinder economic progress. It causes uncertainty, decreases consumer's and enterprise's purchasing power and can disrupt economic planning and investment.
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Question : What is a good indicator to identify the effect of policies on the industrial sector?
Option 1: Rise in capital formation.
Option 2: Rise in the share of the Industry sector in the GDP.
Option 3: Rise in banking services.
Option 4: Rise in imports.
Question : Concerning the United Nations’ Sustainable Development Goals, which of the following is SDG 10?
Option 1: Decent work and economic growth
Option 2: Climate action
Option 3: Zero hunger
Option 4: Reduced inequalities
Question : Which of the following is considered a good indicator of economic growth?
Option 1: The steady increase in loan
Option 2: Steady increase in international trade
Option 3: Steady increase in population
Option 4: The steady increase in the GDP
Question : Which of the following government departments is associated with infrastructure development in India?
Option 1: Division of Economic Agenda
Option 2: Division of Electricity Agenda
Option 3: Department of Energy Affairs
Option 4: Department of Economic Affairs
Question : The equilibrium price of a commodity will rise if there is a/an:
Option 1: increase in supply combined with a decrease in demand.
Option 2: increases in both demand and supply.
Option 3: decrease in both demand and supply.
Option 4: increase in demand accompanied by a decrease in supply.
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