Answer-What does the economic term 'Inflation' refer to?**

Home
Questions
General Awareness
Economics
What does the economic term 'Inflation' refer to?**

Question

What does the economic term 'Inflation' refer to?**

A Short-term loans Correct Answer Incorrect Answer

B Year-end financial statements Correct Answer Incorrect Answer

C Persistent rise in general price levels Correct Answer Incorrect Answer

D Short-term borrowing rate by RBI Correct Answer Incorrect Answer

Solution

Inflation is defined as a sustained increase in the general price level of goods and services in an economy over a period of time. It reflects a decrease in the purchasing power per unit of money—a loss of real value in the internal medium of exchange and unit of account in the economy.

Practice Next

More Economics Questions

निम्नलिखित शब्दों में 'रात्रि' के तीन पर्यायवाची विक�...
“सिर आंखों पर लेना” मुहावरे का अर्थ क्या है :
'मक्खीचूस' शब्द में कौन-सा समास है?
निम्नलिखित में तदभव शब्द कौन सा है ?
निम्नलिखित में से कौन सा कथन अशुद्ध है?
'सिर से लेकर पैर तक' के लिए एक शब्द क्या होगा ?
इनमें से संयुक्त स्वर कौन सा है ?
विषैला में प्रत्यय है।
' पर्यायवाची ' की दृष्टि से कौन-सा युग्म सुमेलित नहीं है...
‘हँसना’ कैसी क्रिया है?

Relevant for Exams:

Railway Protection Force Constable

SSC MTS

HSSC Constable

Thank You for posting your query. Please check your email for further guidance

Please Register/Login to Download Question