demand & supply, profit loss, inflation & price index section 1 Practice Questions Answers Test with Solutions & More Shortcuts
Demand & Supply, Profit Loss, Inflation & Price Index PRACTICE TEST [3 - EXERCISES]
demand & supply, profit loss, inflation & price index section 1
demand & supply, profit loss, inflation & price index section 2
demand & supply, profit loss, inflation & price index section 3
Question : 11 [UPSC (Pre) 2010]
Which one of the following statements is an appropriate description of deflation?
a) It is a persistent fall in the general price level of goods and services
b) It is a fall in the rate of inflation over a period of time
c) It is a sudden fall in the value of a currency against other currencies
d) It is persistent recession in both the financial and real sectors of economy
Answer »Answer: (a)
Question : 14 [HCS (Pre) 2014]
A rapid increase in the rate of inflation is sometimes attributed to the ‘base effect’. What ‘base effect’?
a) It is the impact of the price levels of previous year on the calculation of inflation rate
b) None of the statements (A), (B) and (C) given above is correct in this content
c) It is the impact of drastic deficiency in supply due to failure of crops
d) It is the impact of the surge in demand due to rapid economic growth
Answer »Answer: (a)
Question : 15 [HCS (Pre) 2014]
In India, in the overall Index of Industrial Production, the indices of eight core industries have a combined weight of 37-90%. Which of the following are among those eight core industries?
- Cement
- Fertilisers
- Natural gas
- Refinery products
- Textiles
a) Only 1, 2, 3 and 4
b) 1, 2, 3, 4 and 5
c) Only 1 and 5
d) Only 2, 3 and 4
Answer »Answer: (a)
IMPORTANT indian economy mcq EXERCISES
Demand & Supply, Profit Loss, Inflation & Price Index Shortcuts »
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indian economy MCQ CATEGORIES
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» Introduction to Indian Economy
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» Planning, Economic Development & Five year Plans
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» National Income & Human Development Index
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» Agriculture Sector, Subsidy and Food Processing
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» Industries, Manufacturing & Service Sectors
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» Inclusive growth, Sustainable development and employment
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» Poverty & Unemployment
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» Introduction to Micro Economics
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» Introduction to Macro Economics
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» Macro fundamentals, GDP, Investment, Growth
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» Demand & Supply, Profit Loss, Inflation & Price Index
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» Fiscal Policy, Public Finance and Monetary Policy
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» Money Supply, Banking and Financial Institutions
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» Taxes Types, Methods & Budgeting Process
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» Banking, Security Market & Insurance
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