6 Questions
What are the two main types of inflation mentioned in the text?
Demand Pull and Cost Push
Which authority is primarily responsible for managing inflation in India?
RBI
What is the key objective of monetary policy mentioned in the text?
Maintaining Price Stability
Which tool is NOT typically used as a quantitative tool of monetary policy?
MCLR (Marginal Cost of Funds Based Lending Rate)
What is the impact of inflation on creditors?
Reduces real value of money owed to them
Which concept refers to the phenomenon where inflation rates are affected by changes in the price levels from a previous period?
Base Effect
This quiz covers topics related to inflation, including measurement of inflation indices, causes of inflation, impact of inflation on different segments, and inflation control and management. It explores themes like composition of inflation indices, types of inflation, and methods to control inflation.
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