Economy MCQ Part- 3 - mcqquestion1.com

Welcome to Economy MCQ Part-3

1.What is the base year of Wholesale Price Index?

2011-12

2007-08

2014-15

None of the above

2.What is the correct statement regarding Inflationary Gap?

Difference between the real GDP and the potential GDP obtained full employment in the economy.

Potential GDP is higher and the real GDP

Price increase due to a fall in supply

None of the above

3. Which organization published the CPI number for industrial workers?

The RBI

The Labour Bureau

Department of Economic Affairs

NSO

4. With reference to the Indian economy demand pull Inflation can be caused/increased by which factors?

Raising interest rate

Inflation - Indexing wage

Higher purchasing power

None of the above

5. Which is the correct statement?

The Weightage of food in Consumer Price Index is higher than that in Wholesale Price Index

RBI has now adopted WPI as its key measure of Inflation

Hyper Inflation is better for indian economy

None of the above

6.How many commodities take account to considered to measure Inflationary by Wholesale Price Index?

676

697

796

699

7. Which organization is Published Wholesale Price Index?

CSO

RBI

Office of Economic Affairs

Food Corporation India

8. GDP Deflator is Published by which Organization?

CSO

Office of Economic Affairs

Ministry of Statistics and Programme implementation

Food Corporation India

9.Consumer Price Index is Published in ?

Every Month

Quarterly basis

Yearly basis

Half yearly basis

10.Which is wrong statement

Credit control is the tool of RBI to measure Inflation

Fiscal measure is the tool of Government to control the Inflation

Inflation can impact on on Lending process

History MCQ part-1

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