Question
What does the economic term 'Inflation' refer to?**
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.
Fiscal policy in India is formulated by?Â
Which one of the following is the most appropriate measure of country’s economic Growth?
In which year were Economic Reforms launched in India?
Philips Curve is a graphic curve advocating a relationship between which factors?
The First Five Year Plan was based on which Model?
Which one of the following pairs is correctly matched?
In which of the following countries, scientists have discovered the remains of ‘Wilson’s little Penguin’?
Which of the following is not an investment expenditure in goods and services?
Who heads the National Development Council (NDC)?
Which committee recommended the establishment of Regional Rural Banks in India?
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