28 Questions
When was the highest-ever inflation experienced in India?
1974
What is deflation?
A general decline in the price level of goods and services
What is hyperinflation?
An extreme form of inflation where prices rise at an alarmingly high rate
How does core inflation differ from headline inflation?
Core inflation excludes food and energy prices, while headline inflation includes them
What is the purpose of enforcing the Essential Services Maintenance Act (ESMA)?
To prevent strikes in essential transportation systems
What is the main dilemma faced by economic policymakers during periods of high inflation?
Balancing actions to lower inflation without worsening unemployment
What are the consequences of inflation mentioned in the text?
Greater uncertainty and social unrest
How is a depression different from a recession?
A depression leads to a severe and prolonged recession, while a recession is a temporary decline in economic activity
Why is there a change in the calculation of Real and Nominal GDP between the base year and the current year?
Due to a change in the price level between the base year and the current year
What does the GDP Deflator measure?
The ratio of Nominal GDP to Real GDP
What is the main role of the private sector in Public Private Partnerships (PPP) according to the text?
Financier, builder, and operator
What is the purpose of Viability Gap Funding in infrastructure projects?
Making projects economically viable
What is the goal of Swachh Bharat Mission as mentioned in the text?
Promoting cleanliness and hygiene
How does the government's role change in Public Private Partnerships (PPP) according to the text?
As a facilitator and enabler
What is the key focus of Sagarmala as stated in the text?
Port-led development
Why might a highly economically viable project still require Viability Gap Funding according to the text?
To bridge financial gaps
What are examples of economic infrastructure mentioned in the text?
Irrigation and power
Which type of infrastructure directly induces production in agriculture, industry, and trade?
Economic Infrastructure
What is the purpose of PM Gati Shakti as mentioned in the text?
To integrate planning for infrastructure projects across ministries
AMRUT focuses on improving which type of infrastructure?
Water supply and sanitation
Which project is a National Master Plan for Multi-modal Connectivity?
PM Gati Shakti
In the context of infrastructure, what does Bharatmala Pariyojana primarily focus on?
Enhancing road connectivity in the country
Which scheme aims to enhance the quality of life for Indian citizens by providing services such as water supply and sewerage?
AMRUT
What is the primary focus of the Bharatmala Pariyojana scheme?
Improving the road network efficiency
Which initiative targets the goal of providing housing for all in urban areas by 2022?
Housing For All
In which scheme is the aim to create infrastructure with efficient supply chain management from farms to retailers?
Kisan Sampada Yojana
What is the objective of the Deen Dayal Upadhyay Gram Jyoti Yojana (DDUGJY) scheme?
Providing continuous power supply to rural areas
Which national program aims to redevelop 400 railway stations through PPP mode?
Railway Station Redevelopment Programme
Test your knowledge on supply-side factors affecting inflation and hyperinflation. Explore examples such as erratic monsoons, production shortfalls, hoarding, and import cost push factors. Understand the extreme form of inflation, hyperinflation, where prices rise at an alarmingly high rate.
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