Hyperinflation is characterized by: MCQ with Answer and Explanation

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Hyperinflation is characterized by:

A. stable prices

B. falling prices

C. slow price rise

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

Answer: Option D

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

The 'government route' for FDI requires:

A. only SEBI approval

B. no approval

C. only RBI approval

D. prior approval from the government

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Correct Answer: Option D

Explanation:
Government route requires prior approval from the concerned government ministry.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Census of India' is conducted every how many years?

A. 15

B. 20

C. 5

D. 10

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Correct Answer: Option D

Explanation:
The Census of India is conducted every 10 years.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'consumer price index' in India is released by which organization?

A. National Statistical Office

B. Ministry of Finance

C. Labour Bureau

D. RBI

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Correct Answer: Option A

Explanation:
CPI is released by the National Statistical Office.

This question belongs to: Economy GK Economy Set 1

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