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

Question

Share Report Error

The 'reflation' refers to:

A. policy measures to stimulate the economy after a period of deflation or recession

B. reduction in money supply

C. increase in unemployment

D. a fall in prices

Answer: Option A

Solution (By JKSSB Mock Tests)

Reflation refers to policies to revive the economy after deflation or recession.

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

If a country's current account is in deficit, its capital account must be in:

A. surplus or official reserves must fall

B. deficit as well

C. equilibrium

D. zero

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option A

Explanation:
A current account deficit must be financed by a capital account surplus or a drawdown of official reserves.

This question belongs to: Economy GK Economy Set 1

Question #2

Share Report

The 'Goods and Services Tax' rate on books is:

A. 0%

B. 18%

C. 12%

D. 5%

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option A

Explanation:
Printed books are exempt from GST.

This question belongs to: Economy GK Economy Set 1

Question #3

Share Report

The 'Goods and Services Tax' on metro rail travel is:

A. 18%

B. 12%

C. 5%

D. 0%

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option C

Explanation:
Metro rail travel attracts 5% GST.

This question belongs to: Economy GK Economy Set 1

Explore All Economy Set 1 MCQs