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  • 1. Among the supply side measures to contain inflation is
    A. postponing public expenditure
    B. mopping up excess liquidity through taxation
    C. credit control measures of RBI D. maintaining price levels through an effective PDS
    Ans
    D
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    important for :
    CDSE CGLTier 1 CLAT

  • 2.
    Which of the following is not a reason for cost push inflation?
    A. The Payment of dearness allowance to employees B. The existence of a large parallel economy
    C. Fluctuations in agricultural and industrial output D. Excessive indirect taxation
    Ans
    A
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    CDSE CGLTier 1 CLAT

  • 3.
    Consider the following statements: Inflation is an increase in the average level of prices. This implies that

    1. The price of essential commodities out strips income

    2. Money supply grows at a higher rate than GDP in real terms

    3. The exchange rate of a currency falls

    4. Fiscal deficit exceeds balance of payment deficit

    Select the correct answer from the codes given below:
    A. Only 1, 2 and 4 B. Only 2
    C. Only 1 and 4 D. All of the above
    E. None of these
    Ans
    B
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    CDSE CGLTier 1 CLAT

  • 4.
    During periods of inflation, tax rates should 
    A. Increase B. Decrease
    C. Remain constant D. Fluctuate
    Ans
    A
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    mainly asked in :
    CGLTier 1 2010

  • 5.
    The Finance Minister of India, in one of the speeches said the “the current high inflation is not because of monetary expansion but due to supply side bottlenecks in certain essential commodities”. This means that the finance minister is of the view that-

    1. The liquidity position in market is quite comfortable these days.

    2. Inflation being experienced these days is not cost push inflation.

    3. Markets are floated with luxury goods but essential commodities are definitely in short supply.
    A. Only 1 is true B. Only 2 is true
    C. 1 and 2 are true D. All are true
    E. None of these
    Ans
    D
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    mainly asked in :
    SBIPO 2010

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