DEFENCE Economy CT 3: Inflation and Employment

Welcome to your DEFENCE Economy CT 3: Inflation and Employment

Question No. 1

Which of the following curves shows a relationship between inflation and unemployment?

A. Philips curve

B. Kuznets curve

C. Laffer curve

D. Lorenze curve

None

Question No. 2

In which year the worldwide great depression took place?

A. 1930

B. 1921

C. 1929

D. 1928

None

Question No. 3

Which of the following Institution/office bring out the Wholesale Price (WPI) data in India?

A. The Reserve Bank of India

B. The Ministry of Commerce and Industry

C. The Ministry of Finance

D. The Ministry of Consumer Affairs, Food and Public Distribution

None

Question No. 4

The co-existence of inflation and unemployment is called

A. Headline inflation

B. Core inflation

C. Stagflation

D. Deflation

None

Question No. 5

Which of the following provides official sources of data on Unemployment in India?

1. National Statistical Organisation (NSO)

2. Director General of Employment and Training

3. Census of India

Select the correct answer using the code given below.

A. 1 and 2 only

B. 3 only

C. 2 and 3 only

D. 1, 2 and 3

None

Question No. 6

Which of the following can be the step of RBI to control inflation?

A. It will increase the repo rate.

B. It will decrease the bank rate.

C. It will increase money supply in market.

D. It will decrease cash reserve ratio.

None

Question No. 7

onsider the following pairs

Types of Unemployment	Features
1. Disguised	More people are employed than actually needed
2. Structural	Mismatch between the jobs and the skills of the available workers in the market.
3. Frictional	occurs due to a lack of requisite skills
4. Vulnerable	The time lag between two jobs.

How many pairs given above is/are correctly matched?

A. Only one pair

B. Only two pairs

C. Only three pairs

D. All four pairs

None

Question No. 8

Who determines the policy interest rate required to achieve the inflation target?

A. Central Bank of India

B. Technical Advisory Committee (TAC)

C. World Economic Forum (WEF)

D. Monetary Policy Committee (MPC)

None

Question No. 9

If unemployment continues to be a long-term feature of a country, then it is called _______ unemployment.

A. structural

B. casual

C. frictional

D. chronic

None

Question No. 10

Which of the following is true with respect to Inflationary Gap?

A. It leads to wage inflation

B. It leads to demand-pull Inflation

C. It leads to hyperinflation

D. It leads to cost-push inflation

None

DEFENCE Economy CT 3: Inflation and Employment

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