ESI (Economic and Social Issues) Quiz 16 for NABARD, RBI, SEBI, IRDA & Others - Inflation

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1. Which among the following is exact opposite of inflation?

Stagflation

Disinflation

Hyperinflation

Deflation

None of the abve

2. Which out of the following is phenomenon that leads to Demand-Pull Inflation?

It is a situation when aggregate demand in an economy outpaces aggregate supply

It is a situation of persistent rise in inflation along with dip in growth and increase in unemployment

It is a situation caused by an increase in prices of inputs like labour, raw material etc

It is a situation when a nation experiences very high and accelerating inflation.

None of the above

3. Which out of the following is phenomenon that leads to Cost-Push Inflation?

It is a situation when aggregate demand in an economy outpaces aggregate supply

It is a situation of persistent rise in inflation along with dip in growth and increase in unemployment

It is a situation caused by an increase in prices of inputs like labour, raw material etc

It is a situation when a nation experiences very high and accelerating inflation.

None of the above

4. Inflationary gap said to exist when _________?

Real GDP > Potential GDP

Real GDP < Potential GDP

Real GDP = Potential GDP

Unemployment rate > natural rate of unemployment

None of the above

5. Deflationary gap said to exist when _________?

Real GDP > Potential GDP

Real GDP < Potential GDP

Real GDP = Potential GDP

Unemployment rate > natural rate of unemployment

None of the above

6. Which out of the following is phenomenon that leads to Stagflation?

It is a situation when aggregate demand in an economy outpaces aggregate supply

It is a situation of persistent rise in inflation along with dip in growth and increase in unemployment

It is a situation caused by an increase in prices of inputs like labour, raw material etc

It is a situation when a nation experiences very high and accelerating inflation.

None of the above

7. Which out of the following is phenomenon that leads to Hyperinflation?

It is a situation when aggregate demand in an economy outpaces aggregate supply

It is a situation of persistent rise in inflation along with dip in growth and increase in unemployment

It is a situation caused by an increase in prices of inputs like labour, raw material etc

It is a situation when a nation experiences very high and accelerating inflation.

None of the above

8. Which out of the following is phenomenon that leads to Deflation?

It is a decrease in the rate of inflation – a slowdown in the rate of increase of the general price level of goods and services

It is a situation of persistent rise in inflation along with dip in growth and increase in unemployment

It is the situation where prices fall continuously or have tendency to fall

It represents price rise in all goods and services but does not include articles from food and energy sector.

None of the above

9. Which out of the following is phenomenon that leads to Disinflation?

It is a decrease in the rate of inflation – a slowdown in the rate of increase of the general price level of goods and services

It is a situation of persistent rise in inflation along with dip in growth and increase in unemployment

It is the situation where prices fall continuously or have tendency to fall

It represents price rise in all goods and services but does not include articles from food and energy sector.

None of the above

10. Which out of the following is termed as Core Inflation?

It is a decrease in the rate of inflation – a slowdown in the rate of increase of the general price level of goods and services

It is a situation of persistent rise in inflation along with dip in growth and increase in unemployment

It is the situation where prices fall continuously or have tendency to fall

It represents price rise in all goods and services but does not include articles from food and energy sector.

None of the above