Monohar Pandey Solutions for Exercise 10: Exercise 10

Consider the following items
1. Sugar
2. Sugarcane
3. Vegetable oils
Which of the items given above is/are the essential commodities under the Essential Commodities Act, 1955?

Gross National Product at market prices is defined as:

Consider the following statements
1. Inflation swap is an over-the-counter and exchange-traded derivative that is used to transfer inflation risk from one counter party to another.
2. Limited price inflation swaps are inflation swaps which are capped and floored between 0% and 5%.
Which of the statements given above is/are correct?

Which one of the following statements is/are correct about the determination of inflation in India?

Which of the following factors led to a decline in inflation rate in India during 2014-15?
1. Persistent decline in crude oil prices
2. Softness in global prices of tradables such as edible oils and coal
3. Tight monetary policy pursued by the Reserve Bank of India
Select the correct answer using the codes given below.

Which of the following income groups has/have benefits during inflation?
1. Business community
2. Fixed income groups
3. Farmers
4. Investors (who invest in debentures)
Select the correct answer using the codes given below.

Consider the following statements
1. Paul A Samuelson is credited as the first economist to develop the theory of public goods.
2. Public good is a good that is non-rival and non-excludable.
Which of the statements given above is/are correct?

With reference to inflation in India, which of the following statement is correct?