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. includes all items in the price index

C. excludes fuel

D. only includes services

Answer: Option B

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

A price floor set above the equilibrium price generally creates:

A. shortage

B. no change

C. surplus

D. increase in demand

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Correct Answer: Option C

Explanation:
A price floor above equilibrium creates excess supply or a surplus.

This question belongs to: Economy GK Economy Set 1

Question #2

Which of the following is a characteristic of a developed financial market?

A. Low liquidity

B. High transaction costs

C. Limited participation of institutions

D. Wide range of financial instruments

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Correct Answer: Option D

Explanation:
Developed financial markets offer a wide range of instruments, high liquidity, low transaction costs and broad institutional participation.

This question belongs to: Economy GK Economy Set 1

Question #3

Commercial paper is a short-term instrument issued by:

A. RBI

B. highly rated corporate borrowers

C. individuals

D. state governments

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Correct Answer: Option B

Explanation:
Commercial paper is an unsecured short-term instrument issued by highly rated corporate borrowers.

This question belongs to: Economy GK Economy Set 1

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