Which of the following is a measure to control inflation? MCQ with Answer and Explanation

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Which of the following is a measure to control inflation?

A. Reduction in taxes during high inflation

B. Increase in government expenditure

C. Reduction in bank rate

D. Increase in CRR and SLR

Answer: Option D

Solution (By JKSSB Mock Tests)

Raising CRR and SLR reduces the lending capacity of banks, thereby contracting money supply and helping to control inflation.

This question belongs to: Economy GK Economy Set 1

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Which Sustainable Development Goal relates to decent work and economic growth?

A. SDG 5

B. SDG 17

C. SDG 13

D. SDG 8

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Correct Answer: Option D

Explanation:
SDG 8 promotes sustained, inclusive economic growth and decent work for all.

This question belongs to: Economy GK Economy Set 1

Question #2

In the context of international macroeconomics, the 'Twin Deficits' hypothesis links:

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Correct Answer: Option D

Explanation:
The twin-deficits hypothesis posits a positive relationship between the government budget deficit and the current-account deficit, arising from the national accounting identity linking private saving, investment and the twin deficits.

This question belongs to: Economy GK Economy Set 1

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Correct Answer: Option D

Explanation:
WEF publishes Global Competitiveness Index.

This question belongs to: Economy GK Economy Set 1

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