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

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The 'headline inflation' is the measure that:

A. includes all items in the price index

B. only includes services

C. excludes all food items

D. excludes fuel

Answer: Option A

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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Question #1

Which of the following is an example of Foreign Portfolio Investment?

A. Acquiring a 51% stake in an Indian company

B. Setting up a wholly owned subsidiary

C. Establishing a joint venture

D. Buying equity shares in Indian companies without acquiring control

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Correct Answer: Option D

Explanation:
Buying shares without acquiring control is portfolio investment.

This question belongs to: Economy GK Economy Set 1

Question #2

Which of the following is NOT a type of unemployment recognised in economics?

A. Nominal unemployment

B. Frictional unemployment

C. Structural unemployment

D. Cyclical unemployment

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Correct Answer: Option A

Explanation:
The main types of unemployment are frictional, structural, cyclical and seasonal. 'Nominal unemployment' is not a standard classification.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Fisher equation' is expressed as:

A. Y = C + I + G

B. i = r + π

C. S = I

D. MV = PT

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Correct Answer: Option B

Explanation:
The Fisher equation is i = r + π, where i is nominal interest rate, r is real interest rate and π is inflation.

This question belongs to: Economy GK Economy Set 1

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