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Current Affairs January 2024

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4

Which of the following accounts for Cost-Push Inflation?

A. Increase in money supply

B. Increase in indirect taxation

C. Increase in population

D. Increase in non-plan expenditure

Correct Answer :

B. Increase in indirect taxation


Related Questions

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4

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

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When was decimal coinage introduced in India? [CDS 2005]

A. 1947

B. 1950

C. 1957

D. 1960

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A high rate of inflation tends to worsen balance of payments because:

A. prices of imported goods rise

B. prices of exported goods rise making exports less competitive

C. prices of imported goods fall and hence more is imported

D. prices of exported goods fall and hence less amount is obtained in terms of foreign exchange

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4

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

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4

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

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4

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

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4

Devaluation of currency by a country is meant to lead to :
1. expansion of import trade
2. promotion of import substitution
3. expansion of export trade

A. 1 only

B. 2 and 3

C. 1 and 2

D. 1 and 4

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M3 includes:

A. M1 + T.D

B. M1 + post office saving deposit

C. M1 +- post office total deposit

D. M1 + national saving certificate

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Inflation implies: [Railways 1994]

A. rise in budget deficit

B. rise in money supply

C. rise in general price index

D. rise in prices of consumer goods

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4

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

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Broad money in India is :

A. M1

B. M2

C. M3

D. M4

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Inflation can be contained by:

A. surplus budget

B. increase in taxation

C. reduction in public expenditure

D. all the above

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Which of the following groups suffer the most from inflation? [CPO SI 2003]

A. Debtors

B. Creditors

C. Business class

D. Holders of real assets

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Hard Currency is defined as currency:

A. which can hardly be used for international transactions

B. which is used in times of war

C. which loses its value very fast

D. traded in foreign exchange market for which demand is persistently relative to the supply

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

A. hyperinflation

B. galloping inflation

C. stagflation

D. reflation

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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

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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

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The effect of inflation on tax revenue results in a situation known as :

A. stagflation

B. fiscaldrag

C. reflation

D. disinflation

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4

One-rupee currency notes bear the signature of:

A. Prime Minister of India

B. President of India

C. Finance Minister of India

D. Finance Secretary of India

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A steady increase in the general level of prices as a result of excessive increase in aggregate demand as compared to aggregate supply is termed as : [CDS 1999]

A. demand-pull inflation

B. cost-push inflation

C. stagflation

D. structural inflation

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4

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

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4

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

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4

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 : [IFS 1990]

A. inflation

B. devaluation

C. deflation

D. demonetization

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

A. Government pensioners

B. Creditors

C. Savings Bank Account holders

D. Debtors

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The special paper required for printing of currency notes by the Security Presses In the country is manufactured at :

A. Hyderabad

B. Kolkata

C. Hoshangabad

D. Dewas

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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

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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

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4

Which of the following are definite implications of a fall in inflation?
1. Prices have fallen
2. Prices are increasing more slowly than before
3. Food supply has increased
4. There is industrial stagnation

A. 1 and 3

B. 1 only

C. 2 only

D. 1, 3 and 4

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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

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Ten rupee notes bear the signature of:

A. President

B. Finance Minister

C. Secretary, Ministry of Finance

D. Governor, Reserve Bank of India