Management (Quiz) MCQs

Inflation in a developed country usually sets in

September 27, 2023August 13, 2023 by Bibisha Shiwakoti

Inflation in a developed country usually sets in

Inflation in a developed country usually sets in

1. Before the point of full employment
2. After the point of full employment
3. at the point full employment
4. None of the above

Correct Answer: After the point of full employment

When both prices and money income fall, the situation is called

September 27, 2023August 13, 2023 by Bibisha Shiwakoti

When both prices and money income fall, the situation is called

When both prices and money income fall, the situation is called

1. Disinflation
2. Recession
3. Deflation
4. Anti-inflation

Correct Answer: Deflation

If inflation is allowed to continue without any check, it is known as

September 27, 2023August 13, 2023 by Bibisha Shiwakoti

If inflation is allowed to continue without any check, it is known as

If inflation is allowed to continue without any check, it is known as

1. Suppressed inflation
2. Normal inflation
3. Open inflation
4. Deflation

Correct Answer: Open inflation

“Inflation is a state in which the value of money is falling i.e., prices are rising”. Who said this?

September 27, 2023August 13, 2023 by Bibisha Shiwakoti

“Inflation is a state in which the value of money is falling i.e., prices are rising”. Who said this?

“Inflation is a state in which the value of money is falling i.e., prices are rising”. Who said this?

1. Hansen
2. Keynes
3. Crowther
4. Fisher

Correct Answer: Fisher

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In Keynesian view, inflation is

September 27, 2023August 13, 2023 by Bibisha Shiwakoti

In Keynesian view, inflation is

In Keynesian view, inflation is

1. The rise in the price level after the point of full employment
2. A rise in the price level before the point of full employment
3. Too much money chasing too few goods
4. All of the above

Correct Answer: The rise in the price level after the point of full employment

Which of the following is a monetary measure to control inflation in an economy?

September 27, 2023August 13, 2023 by Bibisha Shiwakoti

Which of the following is a monetary measure to control inflation in an economy?

Which of the following is a monetary measure to control inflation in an economy?

1. Increase in money supply
2. Demonetization of currency
3. Increase in government expenditure
4. All of the above

Correct Answer: Demonetization of currency

Demand- Pull inflation is caused by an

September 27, 2023August 13, 2023 by Bibisha Shiwakoti

Demand- Pull inflation is caused by an

Demand- Pull inflation is caused by an

1. Increase in the aggregate effective demand for goods and services
2. Increase in the money incomes of the factors of production
3. Increased investment in the economy
4. All of the above

Correct Answer: Increase in the aggregate effective demand for goods and services

Stagflation implies a situation of

September 27, 2023August 13, 2023 by Bibisha Shiwakoti

Stagflation implies a situation of

Stagflation implies a situation of

1. High inflation and high unemployment
2. Low unemployment and low inflation
3. High inflation and low unemployment
4. Low inflation and high unemployment

Correct Answer: High Inflation and high unemployment

According to Keynes, inflationary gap is caused by

September 27, 2023August 13, 2023 by Bibisha Shiwakoti

According to Keynes, inflationary gap is caused by

According to Keynes, inflationary gap is caused by

1. excess supply
2. excess demand
3. deficiency of demand
4. deficiency of supply

Correct Answer: excess demand

Inflation in under-developed country is basically caused by

September 27, 2023August 13, 2023 by Bibisha Shiwakoti

Inflation in under-developed country is basically caused by

Inflation in under-developed country is basically caused by

1. Mass poverty
2. Less production
3. Lack of technical know-how
4. Market imperfection

Correct Answer: Market imperfection

An inflation caused by an enhanced wages of labour is

September 27, 2023August 13, 2023 by Bibisha Shiwakoti

An inflation caused by an enhanced wages of labour is

An inflation caused by an enhanced wages of labour is

1. Demand-pull inflation
2. Cost-push inflation
3. Hyperinflation
4. Stagflation

Correct Answer: Cost-Push Inflation

Inflation is a situation when

September 27, 2023August 13, 2023 by Bibisha Shiwakoti

Inflation is a situation when

Inflation is a situation when

1. Prices of some goods rise
2. General price level rises continuously
3. Prices double every year
4. Prices rise and fall

Correct Answer: General price level rises continuously