Question
Which of the following can be the outcomes of very high
inflation in the economy? (1) Reduction in economic growth (2) Increase in savings (3) Reduction in exports Select the correct answer using the codes below :Solution
Inflation is a persistent increase in the general price level of goods and services in an economy over a period of time . When the general price level rises, each unit of currency buys fewer goods and services. Consequently, inflation reflects a reduction in the purchasing power per unit of money – a loss of real value .High inflation means excessive supply of money and thus leads to rise in the cost of credit and interest rates.
Which company has launched its She’s Next initiative in India, part of its global grants program, to support women entrepreneurs in growing and fundin...
Rafiq Tarar, recently died, was the former president of which country?
In which ministries did Ratan Lal Kataria serve as the Union Minister of State from May 2019 to July 2021?
What is the significance of the newly inaugurated Pamban Bridge in Tamil Nadu?
Which ruler is credited with founding the Satavahana dynasty?
How many traditional weaving styles are featured in the “Haat on Wheels” Handloom Expo?
ITC will invest around ________ to set up an integrated food manufacturing and logistics facility and a sustainable packaging products manufacturing fac...
Who will receive the Immigrant Achievement Award for His/Her contributions to higher education in the US this year?
In which city will the new regional centre of the renamed Savitribai Phule National Institute of Women and Child Development be inaugurated?
What is the main purpose of the Knowledge Park being jointly developed by India and Bangladesh in Chattogram, with the foundation stone laid by Indian H...
