Supply-Side Factors and Hyperinflation Quiz
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Questions and Answers

When was the highest-ever inflation experienced in India?

  • 1946
  • 1974 (correct)
  • 1976
  • 1968

    • What is deflation?

  • A situation where there is a coexistence of inflation with stagnation in the economy
  • A result of erratic monsoon and shortfall in production
  • A general decline in the price level of goods and services (correct)
  • An extreme form of inflation where prices rise at an alarmingly high rate

    • What is hyperinflation?

  • A combination of inflation with stagnation in the economy
  • A result of erratic monsoon and shortfall in production
  • An extreme form of inflation where prices rise at an alarmingly high rate (correct)
  • A situation where there is a general decline in the price level of goods and services

    • How does core inflation differ from headline inflation?

    <p>Core inflation excludes food and energy prices, while headline inflation includes them</p> Signup and view all the answers

    What is the purpose of enforcing the Essential Services Maintenance Act (ESMA)?

    <p>To prevent strikes in essential transportation systems</p> Signup and view all the answers

    What is the main dilemma faced by economic policymakers during periods of high inflation?

    <p>Balancing actions to lower inflation without worsening unemployment</p> Signup and view all the answers

    What are the consequences of inflation mentioned in the text?

    <p>Greater uncertainty and social unrest</p> Signup and view all the answers

    How is a depression different from a recession?

    <p>A depression leads to a severe and prolonged recession, while a recession is a temporary decline in economic activity</p> Signup and view all the answers

    Why is there a change in the calculation of Real and Nominal GDP between the base year and the current year?

    <p>Due to a change in the price level between the base year and the current year</p> Signup and view all the answers

    What does the GDP Deflator measure?

    <p>The ratio of Nominal GDP to Real GDP</p> Signup and view all the answers

    What is the main role of the private sector in Public Private Partnerships (PPP) according to the text?

    <p>Financier, builder, and operator</p> Signup and view all the answers

    What is the purpose of Viability Gap Funding in infrastructure projects?

    <p>Making projects economically viable</p> Signup and view all the answers

    What is the goal of Swachh Bharat Mission as mentioned in the text?

    <p>Promoting cleanliness and hygiene</p> Signup and view all the answers

    How does the government's role change in Public Private Partnerships (PPP) according to the text?

    <p>As a facilitator and enabler</p> Signup and view all the answers

    What is the key focus of Sagarmala as stated in the text?

    <p>Port-led development</p> Signup and view all the answers

    Why might a highly economically viable project still require Viability Gap Funding according to the text?

    <p>To bridge financial gaps</p> Signup and view all the answers

    What are examples of economic infrastructure mentioned in the text?

    <p>Irrigation and power</p> Signup and view all the answers

    Which type of infrastructure directly induces production in agriculture, industry, and trade?

    <p>Economic Infrastructure</p> Signup and view all the answers

    What is the purpose of PM Gati Shakti as mentioned in the text?

    <p>To integrate planning for infrastructure projects across ministries</p> Signup and view all the answers

    AMRUT focuses on improving which type of infrastructure?

    <p>Water supply and sanitation</p> Signup and view all the answers

    Which project is a National Master Plan for Multi-modal Connectivity?

    <p>PM Gati Shakti</p> Signup and view all the answers

    In the context of infrastructure, what does Bharatmala Pariyojana primarily focus on?

    <p>Enhancing road connectivity in the country</p> Signup and view all the answers

    Which scheme aims to enhance the quality of life for Indian citizens by providing services such as water supply and sewerage?

    <p>AMRUT</p> Signup and view all the answers

    What is the primary focus of the Bharatmala Pariyojana scheme?

    <p>Improving the road network efficiency</p> Signup and view all the answers

    Which initiative targets the goal of providing housing for all in urban areas by 2022?

    <p>Housing For All</p> Signup and view all the answers

    In which scheme is the aim to create infrastructure with efficient supply chain management from farms to retailers?

    <p>Kisan Sampada Yojana</p> Signup and view all the answers

    What is the objective of the Deen Dayal Upadhyay Gram Jyoti Yojana (DDUGJY) scheme?

    <p>Providing continuous power supply to rural areas</p> Signup and view all the answers

    Which national program aims to redevelop 400 railway stations through PPP mode?

    <p>Railway Station Redevelopment Programme</p> Signup and view all the answers

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