The 'deflation' refers to: MCQ with Answer and Explanation

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The 'deflation' refers to:

A. a rise in inflation

B. a fall in the rate of inflation

C. a fall in unemployment

D. a sustained fall in the general price level

Answer: Option D

Solution (By JKSSB Mock Tests)

Deflation is a sustained decline in the general price level.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The 'Clean Note Policy' of RBI aims to:

A. ensure good quality currency notes in circulation

B. print more currency

C. reduce currency in circulation

D. ban all old notes

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Correct Answer: Option A

Explanation:
Clean Note Policy aims to keep currency notes in good quality.

This question belongs to: Economy GK Economy Set 1

Question #2

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Which of the following is a characteristic of the Indian financial system?

A. Presence of multiple regulators including RBI, SEBI, IRDAI and PFRDA

B. Absence of regulatory institutions

C. Complete self-regulation without government oversight

D. Only one regulator for all financial markets

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Correct Answer: Option A

Explanation:
India's financial system is regulated by multiple specialised bodies: RBI for banking, SEBI for capital markets, IRDAI for insurance and PFRDA for pensions.

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'Atal Pension Yojana' was launched in which year?

A. 2016

B. 2013

C. 2017

D. 2015

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Correct Answer: Option D

Explanation:
Atal Pension Yojana was launched in 2015.

This question belongs to: Economy GK Economy Set 1

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