Core inflation excludes which of the following? MCQ with Answer and Explanation

Core inflation excludes which of the following?
A. imported goods
B. housing prices
C. food and fuel prices
D. all manufactured goods
Answer: Option C
Solution (By JKSSB Mock Tests)
Core inflation excludes volatile food and fuel prices to capture underlying inflation trends.

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Practice More Economy Set 1 Questions

Question #1
The 'four-sector economy' circular flow includes:
A. households, government, banks and firms
B. households, firms, banks and foreign sector
C. households, firms, government and foreign sector
D. households, firms, government and banks only

Correct Answer: Option C


Explanation:
A four-sector economy includes households, firms, government and the external sector.

This question belongs to: Economy GK Economy Set 1
Question #2
Which of the following is an example of a quasi-public good?
A. Clean air
B. Street lighting
C. National defence
D. Education

Correct Answer: Option D


Explanation:
Education is often classified as a quasi-public (or merit) good because it is partially excludable and rivalrous but generates significant positive externalities, justifying public provision.

This question belongs to: Economy GK Economy Set 1
Question #3
Which of the following is a feature of the Indian capital account?
A. Complete convertibility for all capital transactions
B. Only current account convertibility without any capital flows
C. Complete ban on capital inflows
D. Partial convertibility with controls on certain capital flows

Correct Answer: Option D


Explanation:
India has achieved current account convertibility but maintains a managed and partial capital account convertibility with prudential controls on certain flows.

This question belongs to: Economy GK Economy Set 1