11. |
The relation between inflation rate (a), real interest rate (b) and market interest rate (c) can be best given as
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Answer:
Option (a) |
12. |
The interest rate offered by banks on saving account or fixed deposits are example of __________ .
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Answer:
Option (b) |
13. |
Suppose a person invest some amount for one year in a bank that is currently offering interest of 5.5% compounded annually. Assuming inflation rate of 2% per year what will be the real interest that the investment would earn ?
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Answer:
Option (a) |
14. |
It a sports equipment cost Rs. 1000 today, what will be its approximate cost after one year assuming inflation rate of 2% ?
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Answer:
Option (d) |
15. |
Unit price of an item is Rs. 5 today. If Rs. 1000 is deposited in bank for one year at annual interest rate of 5.5%, approximately how many more items can be purchased after one year assuming inflation rate of 2% ?
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Answer:
Option (c) |
16. |
Rs. 1000 kept idle and uninvited for last 70 years with average inflation rate of 4.5% during the period, will be approximately worth Rs. _________ today.
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Answer:
Option (a) |
17. |
From the following what is true about price index?
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Answer:
Option (d) |
18. |
If the cost index of a particular service 10 years before was 550 and currently it is 700, what will be the approximate average rate of increase in service rates?
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Answer:
Option (a) |
19. |
If the construction cost index in 2010 was 3746 and in 2020 was 5260, then a construction project worth Rs. 5.25 crore in 2010 will be approximately cost Rs. _________ in 2020.
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Answer:
Option (c) |
20. |
Following are examples of commodity index except __________ .
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Answer:
Option (c) |