Economics for Engineers (3140911) MCQs

MCQs of Inflation And Price Change

Showing 21 to 25 out of 25 Questions
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21.
Which index in India is used to evaluate inflation?
(a) Commodity Price Index
(b) Productive Price Index
(c) GDP deflator
(d) Wholesale Price Index
Answer:

Option (d)

22.
Consumer Price Index (CPI) calculates the price of
(a) Services only
(b) Goods only
(c) Both goods and services
(d) None of the above
Answer:

Option (c)

23.
Who releases the figures of Wholesale Price Index in India?
(a) Ministry of Commerce and Industry
(b) Ministry of Finance
(c) Ministry of Home Affairs
(d) Ministry of Statistics and Program Implementation
Answer:

Option (d)

24.
From the following which are the steps used for controlling inflation ?
(a) Increasing interest rates.
(b) Controlling money supply.
(c) Introducing policies to increase the competitiveness and efficiency on supply side.
(d) All of the above.
Answer:

Option (d)

25.
Following would help to reduce inflation except ____________.
(a) Liberal policies for the new players to enter in market
(b) Higher interest rates
(c) Control supply of money in market
(d) Increases taxes
Answer:

Option (a)

Showing 21 to 25 out of 25 Questions
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