There are three major groups of commodities in the Wholesale Price Index. These are:
1. primary articles
2. fuel, power, light and lubricants
3. manufactured products
4. food articles and industrial raw materials

Question

There are three major groups of commodities in the Wholesale Price Index. These are:
1. primary articles
2. fuel, power, light and lubricants
3. manufactured products
4. food articles and industrial raw materials

A. 1, 2 and 3

B. 2, 3 and 4

C. 1, 3 and 4

D. 1 and 3

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Comment

Which of the following governmental steps has proved relatively effective in controlling the double digit rate of inflation in the Indian economy during recent years?

A. Containing budgetory deficits and unproductive expenditure

B. Streamlined public distribution system

C. Enhanced rate of production of all consumer goods

D. Pursuing an export-oriented strategy

Discuss this answer

In the last one decade, which one among the following sectors has attracted the highest Foreign Direct Investment inflows into India? [IAS 2004]

A. Chemicals other than fertilizers

B. Services sector

C. Food processing

D. Telecommunication

Discuss this answer

Stagflation implies a case of: [CDS 1992]

A. galloping inflation

B. recession plus inflation

C. adverse balance of trade

D. rising wages and employment

Discuss this answer

Who among the following is most benefitted from inflation? [IAS 1989]

A. Government pensioners

B. Creditors

C. Savings Bank Account holders

D. Debtors

Discuss this answer

An essential attribute of inflation is:

A. fall in production

B. increase in prices

C. absence of black market

D. presence of black market

Discuss this answer

Which of the following Mahatma Gandhi series of currency notes issued by the RBI has ecology depicted on it? [SSC Graduate 2003]

A. Rs. 500

B. Rs. 100

C. Rs. 50

D. Rs. 5

Discuss this answer

The States' debt does not include:

A. loans from State Bank of India

B. loans from the Central Government

C. Provident Funds

D. treasury bills issued to international financial institutions

Discuss this answer

The situation with increasing unemployment and inflation is termed as: [CPO AC 2003]

A. hyperinflation

B. galloping inflation

C. stagflation

D. reflation

Discuss this answer

Consider the following statements about Wholesale Price Index (WPI) :
1. It captures the price movement extensively and is, therefore, taken as an indicator of inflation.
2. The office of the Economic adviser (OEA) is entrusted with the function of compilation and publication of the weekly wholesale price index number in India.
Which of the statements given above is/are correct? [CDS 2009]

A. I only

B. II only

C. Both I and II

D. Neither I nor II

Discuss this answer

The cause of inflation is:

A. increase in money supply

B. fall in production

C. increase in money supply and fall in production

D. decrease in money supply and fall in production

Discuss this answer

The best means of saving during inflation is to keep:

A. money

B. Government Bonds

C. equity

D. time deposits with Banks

Discuss this answer

Which of the following Mahatma Gandhi series of currency notes issued by the RBI has a drawing of the 'Parliament House' depicted on it? [SSC Graduate 2003]

A. Rs. 500

B. Rs. 100

C. Rs. 50

D. Rs. 10

Discuss this answer

How many languages are used on a ten rupee note?

A. 2

B. 7

C. 10

D. 15

Discuss this answer

Inflationary Gap is a situation characterized by:

A. excess of Aggregate Demand over Aggregate Supply at the full employment level

B. gap between Galloping Inflation and Runaway Inflation

C. Inflation coupled with recession

D. Inflation that usually prevails in a developing country

Discuss this answer

Convertibility of the rupee implies: [IAS 1994]

A. being able to convert rupee notes into gold

B. freely permitting the conversion of rupee to other major currencies and vice versa

C. allowing the value of the rupee to be fixed by market forces

D. developing an international market for currencies in India

Discuss this answer

Consider the following statement:
The price of any currency in international market is determined by the:
1. WTO
2. Demand for goods/services provided by the country concerned
3. Inflation differential between the country concerned and its major trading partners
4. Stability of the government of the concerned country
Of these statements:

A. 1, 2, 3, and 4 are correct

B. 1, 2 and 4 are correct

C. 1, 3 and 4 are correct

D. 2, 3 and 4 are correct

Discuss this answer

Which of the following prints currency notes of the denomination of Rs. 100?

A. The Bank Note Press, Dewas

B. The Indian Security Press, Nasik Road

C. The Security Printing Press, Hyderabad

D. All of the above

Discuss this answer

M1 includes:

A. currency with public

B. demand deposit with bank

C. other deposits with RBI

D. all of the above

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Which of the following is wrongly matched?

A. Depression: Insufficient demand causing large scale unemployment of men and machinery over a long period of time

B. Recession: Reduction in demand and production/ investment over a short period of time

C. Stagflation: slow pace of economic activity due to falling prices

D. Boom: Rapid and all-round spurt in economic activity

Discuss this answer

Amongst the currency quotes USD/JPY, USD/Euro and USD/CAD, which one of the following is referred as the base currency for quotes? [Punjab & Sindh Bank 2011]

A. USD

B. JPY

C. Euro

D. None of these

Discuss this answer

Among the causes of inflation can be listed:
1. slow growth in agricultural output
2. increasing non-development expenditure of Government
3. rapid population growth
4. rapid growth in costly imports

A. 1 and 2

B. 2 and 3

C. 1, 2, 3 and 4

D. 1 and 4 only

Discuss this answer

The terms of economics, the recession occurring two times with a small gap in between is known as [Bank of India PO 2010]

A. Double Deflation

B. Deflation

C. Deep Recession

D. None of these

Discuss this answer

'Devaluation' means: [RRB 1992]

A. converting rupee into gold

B. lowering of the value of one currency in comparison of some foreign currency

C. making rupee dealer in comparison to some foreign currency

D. None of these

Discuss this answer

To meet the growing needs for coins in the country, where does the Government propose to set up another mint?

A. Nasik

B. Hoshangabad

C. Dewas

D. Noida

Discuss this answer

A very rapid growth in prices in which money loses its value to the point where even barter may be preferable is known as:

A. inflation

B. hyper-inflation

C. deflation

D. disinflation

Discuss this answer

There are three major groups of commodities in the Wholesale Price Index. These are:
1. primary articles
2. fuel, power, light and lubricants
3. manufactured products
4. food articles and industrial raw materials

A. 1, 2 and 3

B. 2, 3 and 4

C. 1, 3 and 4

D. 1 and 3

Discuss this answer

Broad money in India is :

A. M1

B. M2

C. M3

D. M4

Discuss this answer

Rising prices lead to all but one of the following:

A. promotion of inequalities

B. generation of black money

C. adverse effect on balance of payments

D. adverse effect on speculation

Discuss this answer

Under the Constitution, the power to raise and disburse public funds:

A. has been vested in Union Government

B. has been divided between the Union and State Governments

C. has been given to the Finance Commission

D. has not been given to anyone

Discuss this answer

When was the decimal system of currency introduced in India?

A. 1948

B. 1950

C. 1954

D. 1957

Discuss this answer

Accepted Answer

A. 1, 2 and 3

There are three major groups of commodities in the Wholesale Price Index. These are:
1. primary articles
2. fuel, power, light and lubricants
3. manufactured products
4. food articles and industrial raw materials

Correct Answer :

Show all Currency and Inflation MCQ

Related Questions

Which of the following governmental steps has proved relatively effective in controlling the double digit rate of inflation in the Indian economy during recent years?

In the last one decade, which one among the following sectors has attracted the highest Foreign Direct Investment inflows into India? [IAS 2004]

Stagflation implies a case of: [CDS 1992]

Who among the following is most benefitted from inflation? [IAS 1989]

An essential attribute of inflation is:

Which of the following Mahatma Gandhi series of currency notes issued by the RBI has ecology depicted on it? [SSC Graduate 2003]

The States' debt does not include:

The situation with increasing unemployment and inflation is termed as: [CPO AC 2003]

The cause of inflation is:

The best means of saving during inflation is to keep:

Which of the following Mahatma Gandhi series of currency notes issued by the RBI has a drawing of the 'Parliament House' depicted on it? [SSC Graduate 2003]

How many languages are used on a ten rupee note?

Inflationary Gap is a situation characterized by:

Convertibility of the rupee implies: [IAS 1994]

Which of the following prints currency notes of the denomination of Rs. 100?

M1 includes:

Which of the following is wrongly matched?

Amongst the currency quotes USD/JPY, USD/Euro and USD/CAD, which one of the following is referred as the base currency for quotes? [Punjab & Sindh Bank 2011]

Among the causes of inflation can be listed:
1. slow growth in agricultural output
2. increasing non-development expenditure of Government
3. rapid population growth
4. rapid growth in costly imports

The terms of economics, the recession occurring two times with a small gap in between is known as [Bank of India PO 2010]

'Devaluation' means: [RRB 1992]

To meet the growing needs for coins in the country, where does the Government propose to set up another mint?

A very rapid growth in prices in which money loses its value to the point where even barter may be preferable is known as:

There are three major groups of commodities in the Wholesale Price Index. These are:
1. primary articles
2. fuel, power, light and lubricants
3. manufactured products
4. food articles and industrial raw materials

Broad money in India is :

Rising prices lead to all but one of the following:

Under the Constitution, the power to raise and disburse public funds:

When was the decimal system of currency introduced in India?

Also checkout

There are three major groups of commodities in the Wholesale Price Index. These are:1. primary articles2. fuel, power, light and lubricants3. manufactured products4. food articles and industrial raw materials

Correct Answer :

Show all Currency and Inflation MCQ

Related Questions

Which of the following governmental steps has proved relatively effective in controlling the double digit rate of inflation in the Indian economy during recent years?

In the last one decade, which one among the following sectors has attracted the highest Foreign Direct Investment inflows into India? [IAS 2004]

Stagflation implies a case of: [CDS 1992]

Who among the following is most benefitted from inflation? [IAS 1989]

An essential attribute of inflation is:

Which of the following Mahatma Gandhi series of currency notes issued by the RBI has ecology depicted on it? [SSC Graduate 2003]

The States' debt does not include:

The situation with increasing unemployment and inflation is termed as: [CPO AC 2003]

The cause of inflation is:

The best means of saving during inflation is to keep:

Which of the following Mahatma Gandhi series of currency notes issued by the RBI has a drawing of the 'Parliament House' depicted on it? [SSC Graduate 2003]

How many languages are used on a ten rupee note?

Inflationary Gap is a situation characterized by:

Convertibility of the rupee implies: [IAS 1994]

Which of the following prints currency notes of the denomination of Rs. 100?

M1 includes:

Which of the following is wrongly matched?

Amongst the currency quotes USD/JPY, USD/Euro and USD/CAD, which one of the following is referred as the base currency for quotes? [Punjab & Sindh Bank 2011]

Among the causes of inflation can be listed:1. slow growth in agricultural output2. increasing non-development expenditure of Government3. rapid population growth4. rapid growth in costly imports

The terms of economics, the recession occurring two times with a small gap in between is known as [Bank of India PO 2010]

'Devaluation' means: [RRB 1992]

To meet the growing needs for coins in the country, where does the Government propose to set up another mint?

A very rapid growth in prices in which money loses its value to the point where even barter may be preferable is known as:

There are three major groups of commodities in the Wholesale Price Index. These are:1. primary articles2. fuel, power, light and lubricants3. manufactured products4. food articles and industrial raw materials

Broad money in India is :

Rising prices lead to all but one of the following:

Under the Constitution, the power to raise and disburse public funds:

When was the decimal system of currency introduced in India?

Also checkout

There are three major groups of commodities in the Wholesale Price Index. These are:
1. primary articles
2. fuel, power, light and lubricants
3. manufactured products
4. food articles and industrial raw materials

Among the causes of inflation can be listed:
1. slow growth in agricultural output
2. increasing non-development expenditure of Government
3. rapid population growth
4. rapid growth in costly imports

There are three major groups of commodities in the Wholesale Price Index. These are:
1. primary articles
2. fuel, power, light and lubricants
3. manufactured products
4. food articles and industrial raw materials