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  • 1. Which of the following is an effect of inflation?
    A. Erosion in purchasing power B. Affects relative price of goods
    C. Increase in inequalities of income D. All the above
    E. None of these
    Ans
    D
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  • 2. Among the supply side measures to contain inflation is
    A. postponing public expenditure
    B. mopping up excess liquidity through taxation
    C. credit control measures of RBI D. maintaining price levels through an effective PDS
    Ans
    D
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    important for :
    CDSE CGLTier 1 CLAT

  • 3.
    Which of the following is not a reason for cost push inflation?
    A. The Payment of dearness allowance to employees B. The existence of a large parallel economy
    C. Fluctuations in agricultural and industrial output D. Excessive indirect taxation
    Ans
    A
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    CDSE CGLTier 1 CLAT

  • 4.
    Consider the following statements: Inflation is an increase in the average level of prices. This implies that

    1. The price of essential commodities out strips income

    2. Money supply grows at a higher rate than GDP in real terms

    3. The exchange rate of a currency falls

    4. Fiscal deficit exceeds balance of payment deficit

    Select the correct answer from the codes given below:
    A. Only 1, 2 and 4 B. Only 2
    C. Only 1 and 4 D. All of the above
    E. None of these
    Ans
    B
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    CDSE CGLTier 1 CLAT

  • 5.
    During periods of inflation, tax rates should 
    A. Increase B. Decrease
    C. Remain constant D. Fluctuate
    Ans
    A
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    mainly asked in :
    CGLTier 1 2010

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