Question : Which of the following terms best describes a scenario in which an economy faces both inflation and a decline in real output at the same time?
Option 1: Recession
Option 2: Reflation
Option 3: Deflation
Option 4: Stagflation
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Correct Answer: Stagflation
Solution : The correct answer is Stagflation.
A situation known as stagflation occurs when an economy experiences high unemployment, low growth, and high inflation all at once. In the most recent quarter for which data is available, the second quarter that ended in September, economic growth was only 4.5%.
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Question : Which of the following is another term for the average income of a country?
Option 1: Inflation rate
Option 2: Per capita expenditure
Option 3: Disposable income
Option 4: Per capita income
Question : According to the finance budget 2020-21, the target of 200 lakh tonnes of fish production by 2022-23 has been set as a part of the:
Option 1: pink economy
Option 2: white economy
Option 3: grey economy
Option 4: blue economy
Question : Which of the following dance forms incorporates the most intricate makeup code, costume, face masks, headdress and brightly painted faces?
Option 1: Odissi
Option 2: Kathak
Option 3: Sattriya
Option 4: Kathakali
Question : Select the most appropriate meaning of the underlined idiom in the given sentence. This man's taking a bribe is only the tip of an iceberg.
Option 1: problem a ship faces on the ocean
Option 2: a legally punishable crime
Option 3: something that has been in existence for a long time
Option 4: something which is a small part of something much bigger
Question : Which of the following Articles of the Constitution empowers the President of India to issue an ordinance when both Houses of Parliament are not in session?
Option 1: 121
Option 2: 122
Option 3: 124
Option 4: 123
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