Question
According to a recent SBI report, what is the primary
reason for the expected inflation rate to remain around 5 percent for the fiscal year 2024-25 in India?Solution
The SBI report highlights that the Consumer Price Inflation (CPI) in India is expected to remain around 5 percent during the financial year 2024-25, with an observed rise to 5.08 percent in June 2024 primarily attributed to higher food and beverage prices. The impact of the monsoon season on food prices is significant, as adequate rainfall generally supports crop yields but excess rainfall can cause crop damage, leading to increased prices due to supply shortages. Thus, the high food and beverage prices are pinpointed as the main driver behind the expected inflation rate, making option C the correct answer. Other options like reduced industrial output, lower international oil prices, increased technology exports, and decreased consumer demand do not directly relate to the primary reason discussed in the SBI report for the anticipated inflation rate.
About 85% of the Indian population of colonial India depended on which of the following sectors of the economy?
In a certain code language, ‘ARGOT’ is coded as ‘12497’ and ‘GRAFT’ is coded as ‘29743’. What is the code for ‘F’ in the given code ...
If RBI MPC announces its stance as “Neutral”, what does it mean?
I. They can Hike the “Repo rate”.
...
Which of the following is/are considered an unfair labor practice under the Industrial Disputes Act, of 1947?
I. Transfer of e...
The position of how many letters will remain unchanged if each of the letters in the word ‘DIRECT’ is arranged in alphabetical order?
Which of the following is NOT considered a source document in accounting?
A person starts to walk from an office in the west direction. After 6km he reaches at point M. From there, he takes a right turn, walks 8km and reaches ...
Which of the following reforms was suggested by former Finance Minister Arun Jaitley regarding social security in India?
I. Employees should have...
Consider the following statements related to the World War II:
1. Germany attacked the US naval base at Pearl Harbour.
2. Winston Church...
Perimeter of a square shaped plot is 200 metres and the area of a rectangular plot is 50% more than that of the square shaped plot. Find the area (in m<...