HARD
UPSC CAPF AC Paper - I
IMPORTANT
Earn 100

Consider the following statements
1. Short-term Phillips Curve looked like a normal Phillips Curve.
2. In long-term Philips Curve, a single rate of unemployment was consistent with a stable inflation rate.
Which of the statements given above is/are correct?

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Important Questions on Indian Economy

HARD
UPSC CAPF AC Paper - I
IMPORTANT
14000+ Objective Questions General Studies>Chapter 8 - Indian Economy>Exercise 10>Q 30
Which one of the following coin the term 'Stagflation' in the economy?
MEDIUM
UPSC CAPF AC Paper - I
IMPORTANT
14000+ Objective Questions General Studies>Chapter 8 - Indian Economy>Exercise 10>Q 31

Which of the following statements is/ are true with respect to the Phillips curve?
1. It shows the trade-off between unemployment and inflation
2. The downward sloping curve of the Phillips curve is generally held to be valid only in the short run.
3. In the long run, Phillips Curve is usually thought to be horizontal at the non-accelerating inflation rate of unemployment (NAIRU)
Select the correct answer using the code given below:

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UPSC CAPF AC Paper - I
IMPORTANT
14000+ Objective Questions General Studies>Chapter 8 - Indian Economy>Exercise 10>Q 32
Which one of the following goods/ services is not the non-merit good/ service of an economy?
HARD
UPSC CAPF AC Paper - I
IMPORTANT
14000+ Objective Questions General Studies>Chapter 8 - Indian Economy>Exercise 10>Q 33
Which one of the following consequences can be observed when there is an undue expansion or increase of the money supply in an economy?
HARD
UPSC CAPF AC Paper - I
IMPORTANT
14000+ Objective Questions General Studies>Chapter 8 - Indian Economy>Exercise 10>Q 34
Consider the following statements about the measurement of the Inflation
1. Prices of the items of particular sets are compared to prices of items of five year ago.
2. Inflation is measured based on the Consumer Price Index (CPI) which measures the change in prices of a selection of goods at retail rates.
Which of the statements given above is/are correct?
HARD
UPSC CAPF AC Paper - I
IMPORTANT
14000+ Objective Questions General Studies>Chapter 8 - Indian Economy>Exercise 10>Q 35
Which one of the following measures is generally used by the government to contain the recession of the economy?
HARD
UPSC CAPF AC Paper - I
IMPORTANT
14000+ Objective Questions General Studies>Chapter 8 - Indian Economy>Exercise 10>Q 36
Consider the following statements regarding the determination of inflation in India
1. Food price index consists of two subcomponents, namely primary food articles and manufactured food products.
2. The weight of the primary food articles is less than the manufactured food products.
Which of the statements given above is/are correct?
MEDIUM
UPSC CAPF AC Paper - I
IMPORTANT
14000+ Objective Questions General Studies>Chapter 8 - Indian Economy>Exercise 10>Q 37

Consider the following statements

A. Inflation benefits the debtors.

B. Inflation benefits the bond-holders.

Which of the statement given above is/are correct?