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

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The 'disinflation' refers to:

A. a fall in GDP

B. a fall in the price level

C. a decrease in the rate of inflation

D. an increase in inflation

Answer: Option C

Solution (By JKSSB Mock Tests)

Disinflation is a slowdown in the rate of inflation.

This question belongs to: Economy GK Economy Set 1

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Question #1

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In the context of public goods, the free-rider problem arises because public goods are:

A. Non-excludable

B. Excludable

C. Private in nature

D. Rivalrous

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Correct Answer: Option A

Explanation:
Since pure public goods are non-excludable, individuals can enjoy the benefits without contributing to the cost, creating an incentive to free-ride.

This question belongs to: Economy GK Economy Set 1

Question #2

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In the context of digital finance, 'Central Bank Digital Currency' (CBDC) refers to:

A. A digital form of central-bank money that is a direct liability of the central bank

B. Only privately issued cryptocurrencies

C. Only physical cash

D. Only commercial-bank deposits

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Correct Answer: Option A

Explanation:
A central-bank digital currency is a digital payment instrument denominated in the national unit of account that is a direct liability of the central bank, distinct from both physical cash and commercial-bank deposits.

This question belongs to: Economy GK Economy Set 1