UPSC Prelims Marathon 1st October – Inflation and Money – 2024

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We are posting prelims marathon MCQs for today. In this initiative, you can attempt 10 subjective MCQs daily. Daily Quiz UPSC Prelims Marathon 1st October Inflation and Money

For schedule, refer to the archive link given below. Best UPSC institute In Delhi,

For the Prelims Marathon archive – click here,

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Marking Pattern

Correct Answer : 2

Wrong Answer : -0.66

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Time Left :5

Question No. 1

Consider the following statements:
1.Under the Banking Regulation Act, 1949 RBI has the sole authority to issue banknotes in India.
2.One Rupee note is considered as coins as per the definition of coins given under RBI Act 1934.
Which of the statements given above is/are correct?

A1 only

B2 only

CBoth 1 and 2

DNeither 1 nor 2

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Question No. 2

Which of the following factors is/are attributed to “hard currency”?
1.Economic and politically stability
2.High and unstable inflation with inconsistent growth
3.Balanced trade environment
Select the correct answer from below given codes:

AOnly one

BOnly two

COnly three

DNone

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Question No. 3

Consider the following statements regarding “price index”:
1.It is a weighted average of the prices of a number of goods and services.
2.It shows the exact price rise or fall of a single good.
Which of the statements given above is/are correct?

A1 only

B2 only

CBoth 1 and 2

DNeither 1 nor 2

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Question No. 4

Which of the following measures is/are used to control demand – pull inflation?
1.Supply of goods as per demand.
2.Reducing taxes.
3.Increasing government expenditure.
Select the correct answer from below given codes:

AOnly one

BOnly two

COnly three

DNone

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Question No. 5

Which of the following measures is/are used to control cost – push inflation?
1.Control on prices
2.Moral suasions
3.Reduce the monopoly power of trade unions
Select the correct answer from below given codes:

AOnly one

BOnly two

COnly three

DNone

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Question No. 6

Which of the following inflation shows price rise in all goods and services excluding “energy and food articles”?

AGalloping inflation

BHyper inflation

CStagflation

DCore inflation

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Question No. 7

Which of the following “graphic curve/coefficient which advocates a relationship between inflation and unemployment in an economy”?

ALaffer curve

BArthur curve

CPhillips curve

DGini – coefficient

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Question No. 8

The famous term “NAIRU” is associated with which of the following?

AUnemployment and growth

BUnemployment and inflation

CInflation and growth

DInflation and development

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Question No. 9

Which of the following represents the “situation in an economy when inflation and unemployment both are at higher levels”?

AGalloping inflation

BHyper inflation

CStagflation

DCore inflation

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Question No. 10

Which of the following is/are fully dollarized economies?
1.Cuba
2.Panama
3.Ecuador
Select the correct answer from below given codes:

AOnly one

BOnly two

COnly three

DNone

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Total Number of Questions :

Total Not Attempted Questions :

Total Correct :

Total Wrong :

For schedule, refer to the archive link given below. Best UPSC institute In Delhi,

For the Prelims Marathon archive – click here,