Current Affairs MCQ for UPSC Exams – 24 September 2015

:: Miscellaneous ::

1. From the following situation which is inflation spiral -

a. When wages press prices up, prices pulls wages down
b. When wages press prices up, prices pulls wages up
c. When prices up, wages down
d. none of the above

2. In corporate sector, when a firm calculates its profit after adjusting the effects of current level of inflation this process is known as -

a. inflation tax
b. inflation spiral
c. Inflation premium
d. Inflation accounting

3. What is stagnation?

a. short period of low aggregate demand in relation to its productive capacity.
b. long period of low aggregate demand in relation to its productive capacity
c. Short period of high aggregate demand in relation to its productive capacity
d. long period of high aggregate demand in relation to its productive capacity

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