Hyperinflation is characterized by: MCQ with Answer and Explanation

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Hyperinflation is characterized by:

A. falling prices

B. extremely rapid and out-of-control rise in prices

C. stable prices

D. slow price rise

Answer: Option B

Solution (By JKSSB Mock Tests)

Hyperinflation is extremely rapid and uncontrollable price inflation.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The 'National Education Policy 2020' aims to increase public investment in education to what percentage of GDP?

A. 10%

B. 8%

C. 3%

D. 6%

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Correct Answer: Option D

Explanation:
NEP 2020 aims to increase public investment in education to 6% of GDP.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'PM-KISAN' income support is transferred in how many equal instalments per year?

A. 3

B. 4

C. 2

D. 6

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Correct Answer: Option A

Explanation:
PM-KISAN provides Rs 6,000 in three equal instalments of Rs 2,000 each.

This question belongs to: Economy GK Economy Set 1

Question #3

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Treasury bills are issued by:

A. commercial banks

B. SEBI

C. RBI on behalf of the Central Government

D. State governments only

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Correct Answer: Option C

Explanation:
Treasury bills are short-term debt instruments issued by the RBI on behalf of the Central Government.

This question belongs to: Economy GK Economy Set 1

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