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

Question

Share Report Error

The 'disinflation' refers to:

A. an increase in inflation

B. a fall in the price level

C. a decrease in the rate of inflation

D. a fall in GDP

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

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Economy Set 1 Questions

Question #1

Share Report

The 'Constitution (101st Amendment) Act, 2016' inserted which article for GST?

A. Article 356

B. Article 280

C. Article 324

D. Article 246A

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option D

Explanation:
Article 246A was inserted by the 101st Amendment for GST.

This question belongs to: Economy GK Economy Set 1

Question #2

Share Report

The 'Goods and Services Tax' is collected by the central government under which component?

A. SGST only

B. UTGST only

C. CGST and IGST

D. SGST

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option C

Explanation:
The central government collects CGST and IGST.

This question belongs to: Economy GK Economy Set 1

Question #3

Share Report

Which of the following is NOT a type of budget deficit?

A. Fiscal deficit

B. Trade deficit

C. Primary deficit

D. Revenue deficit

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option B

Explanation:
Trade deficit is a component of the balance of payments (external sector). Revenue, fiscal and primary deficits are concepts related to the government budget.

This question belongs to: Economy GK Economy Set 1

Explore All Economy Set 1 MCQs