The 'headline inflation' is the measure that: MCQ with Answer and Explanation

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The 'headline inflation' is the measure that:

A. excludes all food items

B. only includes services

C. excludes fuel

D. includes all items in the price index

Answer: Option D

Solution (By JKSSB Mock Tests)

Headline inflation includes all items in the price index.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

Deficit financing means:

A. reducing government expenditure

B. financing government expenditure through borrowing or money creation

C. financing government expenditure through taxation

D. repayment of public debt

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Correct Answer: Option B

Explanation:
Deficit financing involves financing a budget deficit through borrowing or creation of money.

This question belongs to: Economy GK Economy Set 1

Question #2

In the context of global digital governance, the 'Digital Services Act' of the European Union focuses on:

A. Harmonised rules for intermediary services regarding content moderation, transparency and accountability

B. Only data-protection rules

C. Only e-commerce contract law

D. Only competition rules for gatekeepers

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Correct Answer: Option A

Explanation:
The Digital Services Act establishes a horizontal framework of due-diligence, transparency and accountability obligations for digital intermediary services, including online platforms, with respect to illegal content and systemic risks.

This question belongs to: Economy GK Economy Set 1

Question #3

The concept of 'Seigniorage' is most closely related to:

A. Revenue from disinvestment

B. The real resources obtained by the government through the issue of base money

C. Interest payments on public debt

D. Tax revenue from income tax

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Correct Answer: Option B

Explanation:
Seigniorage is the purchasing power that the government obtains by issuing base money; it equals the real value of the increase in base money.

This question belongs to: Economy GK Economy Set 1

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