The 'hyperinflation' is: MCQ with Answer and Explanation

Question

Share Report Error

The 'hyperinflation' is:

A. falling prices

B. slow price rise

C. stable prices

D. extremely rapid and uncontrolled price rise

Answer: Option D

Solution (By JKSSB Mock Tests)

Hyperinflation is extremely rapid and uncontrolled 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 'FDI' in multi-brand retail is allowed up to what percentage?

A. 74%

B. 100%

C. 51%

D. 49%

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option C

Explanation:
FDI in multi-brand retail is allowed up to 51% under government approval.

This question belongs to: Economy GK Economy Set 1

Question #2

Share Report

The 'Gross National Product' at factor cost equals GDP at factor cost plus:

A. depreciation

B. net factor income from abroad

C. indirect taxes

D. subsidies

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option B

Explanation:
GNP at factor cost = GDP at factor cost + net factor income from abroad.

This question belongs to: Economy GK Economy Set 1

Question #3

Share Report

The 'Central Goods and Services Tax' is levied by:

A. state governments

B. GST Council

C. local bodies

D. central government

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option D

Explanation:
CGST is levied by the central government on intra-state supply.

This question belongs to: Economy GK Economy Set 1

Explore All Economy Set 1 MCQs