demand & supply, profit loss, inflation & price index section 1 Practice Questions Answers Test with Solutions & More Shortcuts

Question : 26 [UPPCS (Pre) 1995]

Who amongst the following benefits most from inflation?

a) Saving Bank Account Holders

b) Government Pensioners

c) Creditors

d) Debtors

Question : 27 [UPSC (Pre) 2018]

An increase in absolute and per capita real GNP do not connote a higher level of economic development, if

a) poverty and unemployment increase

b) imports grow faster than exports

c) industrial output fails to keep pace with agricultural output

d) agricultural output fails to keep pace with industrial output

Question : 28 [UPSC (Mains) 2004]

Who has been recently made the chairman of the work group on revision of Wholesale Price Index Services?

a) K.C. Pant

b) Abhijit Sen

c) C. Rangrajan

d) P.R. Panchamukhi

Question : 29

Which of the following steps that will result in containing inflation?

1. Increasing Cash Reserve Ratio (CRR)
2. Decreasing Statutory Liquidity Ratio (SLR)
3. Permitting Central/State agencies to import duty free pulses and sugar.

a) 2 and 3 only

b) 1 only

c) 1 and 3 only

d) 1, 2 and 3

Question : 30 [UPSC (Pre) 2013]

Consider the following statements.

1. Inflation benefits the debtors.
2. Inflation benefits the bond holders.

a) Both 1 and 2

b) Neither 1 nor 2

c) Only 1

d) Only 2