ESI (Economic and Social Issues) QUIZ 18 for NABARD, RBI, SEBI, IRDA and Other Exams – Inflation

1. Which of the following is a reason for inflation?

2. Which of the following is an effect of inflation?

3. Consider the following statements and identify the right ones.

i. Government can reduce indirect taxes to control inflation
ii. There is trade-off between growth and inflation in India

4. Which of the following is not a reason for inflation?

5. Which of the following can be undertaken to control inflation?

6. Consider the following statements and identify the right ones.

i. For measuring overall inflation in the economy, CPI is used.
ii. WPI was first published in 1942 for 23 commodities

7. The base year used for WPI is

8. Consider the following statements and identify the right ones.

i. There are 676 items divided into 3 parts in the WPI
ii. All the 3 parts are given equal weightage

9. Which group constitutes maximum weightage in WPI?

10. The base year to calculate CPI-IW is