Economics MCQ

Study the relationship in the first pair of words and complete the second pair.
1. Creeping inflation : The rate of inflation is 1% to 2% per annum.
2. Running inflation : The rate of inflation is __________ per annum.

When the rate of inflation is between 20 to 100 percent per annum then it is called as __________ inflation.

When the rate of inflation is between 10%-20% per annum then it is __________ stage of inflation.

WPI stands for

__________ is the first stage of inflation.

Demand for goods will increase during __________ period.

__________ are worst affected during the period of inflation. (Fill up the blank with the correct alternative)

Demand pull inflation may be caused by __________

Cost push inflation is the consequence of __________ (Fill up the blank with correct alternative)

A state where 'too much money chases too few goods' represents __________ (Fill up the blank with correct alternative)

Identity the correct statement from the following: (Choose the correct alternative)

__________ is beneficial for growth. (Fill up the blank with correct alternative)

__________ refers to a situation where prices rises very slowly. (Fill up the blank with correct alternative)

Identify the incorrect statement from the following: (Choose the correct alternative)

Inflation means __________ : (Fill up the blank with correct alternative)