Question
Which statement is correct regarding the situation of
Inflation in an Economy?Solution
Inflation reflects a reduction in the purchasing power of money. For example, XYZ Ltd. buys 10 litre of Petrol @ Rs.75 per litre from Indian Oil, thereby spending a total of Rs.750 on petrol. After one month petrol price is increased to Rs.80 per litre. Now, XYZ Ltd would be able to purchase only 9.38 litre petrol from Rs.750/- as against 10 litre petrol from the same Rs.750 one month ago. Hence purchasing power of money (Rs.750) reduced due to inflation. Inflation will always reduce the value of money unless interest rates are higher than inflation.
What does HTML stand for in web technology?
Which layer of the OSI model provides flow control, error checking, and reliability in data transmission?
In C programming, which header file is commonly used to work with DMA?
What is the data transmission direction in a Token Ring network?
Store data in single table
State true/false
Once the email is compromised, all other sites and services online associated with this email can be compromised.
Which of the following backup types provides the fastest backup and recovery performance but requires the most storage space?
What is the purpose of a semaphore in synchronization?
In which programming language is dynamic memory allocation commonly used?
What does the term "phishing" refer to in the context of cybersecurity?
