Indian Economy MCQ. We covered all the Indian Economy MCQ in this post for free so that you can practice well for the exam.
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Indian Economy Objective MCQ for Students
Deficit financing creates additional paper currency to fill the gap between expenditure and revenue. This device aims at economic development but if it fails, it generates:
(a) inflation
(b) devaluation
(c) deflation
(d) demonetisation
Option a – inflation
A steady increase in the general level of prices as a result of an excessive increase in aggregate demand as compared to aggregate supply is termed as:
(a) demand-pull inflation
(b) cost-push inflation
(c) stagflation
(d) structural inflation
Option a – demand-pull inflation
Among the remedies for inflation, we cannot include:
(a) better capacity utilization
(b) lowering bank rate
(c) reducing budgetary deficit
(d) an efficient public distribution system
Option b – lowering bank rate
An essential attribute of inflation is:
(a) fall in production
(b) increase in prices
(c) absence of a black market
(d) presence of the black market
Option b – increase in prices
The best means of saving during inflation is to keep:
(a) money
(b) Government Bonds
(c) equity
(d) time deposits with Banks
Option a – money
The period of high inflation and low economic growth is termed as:
(a) stagnation
(b) take-off stage in the economy
(c) stagflation
(d) None of these
Option c – stagflation
Stagflation implies a case of:
(a) galloping inflation
(b) recession plus inflation
(c) adverse balance of trade
(d) rising wages and employment
Option b – recession plus inflation
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