Current Affairs MCQ for UPSC Exams – 16 October 2015

 Current Affairs MCQ for UPSC Exams – 16 October 2015

:: Economics ::

Q.1 Consider the following statements about Hyper inflation –

1. It is large and accelerating
2. In this inflation, prices shoot up overnight
3. The Russian economy did show such inflation after disintegration of the ex USSR

Correct statements are –

a. 1 and 2
b. 2 and 3
c. 1 and 3
d. all of the above

Q.2. Consider the following statements about the Bottleneck inflation –

1. It takes place when the supply falls and demand remains at the same level
2. This could put in cost-push inflation category.
3. This also known as ‘structural inflation’

Correct statements are –

a. only 1
b. 1 and 3
c. 2 and 3
d. 1 and 2

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