Atmanirbhar Foundation Course 2024: Inflation Definition Quiz
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Questions and Answers

What is the range of inflation for walking inflation?

  • 5-15%
  • 1-5%
  • 10-20%
  • 2-10% (correct)

What is the characteristic range for running inflation?

  • 5-15%
  • 15-25%
  • 20-30%
  • 10-20% (correct)

What is the threshold range for galloping inflation?

  • 15-30%
  • 20-40%
  • 30-50%
  • 20-1000% (correct)

What does cost-push inflation result from?

<p>General increases in production costs (C)</p> Signup and view all the answers

What causes built-in inflation?

<p>Expectation of future inflations (A)</p> Signup and view all the answers

Which of the following best defines inflation?

<p>A persistent rise in the general price of goods and services (A)</p> Signup and view all the answers

How does inflation affect the value of money?

<p>Inflation leads to a decline in the value of money (B)</p> Signup and view all the answers

Which scenario best describes creeping inflation?

<p>A steady increase in prices from 1-4% over time (B)</p> Signup and view all the answers

What is the primary cause of inflation according to the given text?

<p>Rise in the price level due to excess demand (C)</p> Signup and view all the answers

What does inflation indicate about the purchasing power of a nation's currency?

<p>A decline in purchasing power (D)</p> Signup and view all the answers

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