Practice mode / Basic of Economics Which measures. taken by a government would be intended to raise the price of imports? A Option A: Embargoes B Option B: Foreign exchange controls C Option C: Quotas D Option D: Tariffs Correct answer D. Tariffs Show answer
Question 01 / Basic of Economics An essential attribute of inflation is? A Option A: Fall in production B Option B: Increase in prices C Option C: Stagflation D Option D: None of these Correct answer B. Increase in prices Show answer Open question
Question 02 / Basic of Economics A very rapid growth in prices in which money loses its value to the point where even barter may be preferable is known as? A Option A: Inflation B Option B: Hyper-inflation C Option C: Deflation D Option D: Disinflation Correct answer B. Hyper-inflation Show answer Open question
Question 03 / Basic of Economics Monetary policy is regulated by? A Option A: Money lenders B Option B: Central Bank C Option C: Private entrepreneurs D Option D: Government policy Correct answer B. Central Bank Show answer Open question
Question 04 / Basic of Economics Who among the following is most benefited from inflation? A Option A: Government pensioners B Option B: Creditors C Option C: Savings Bank Account holders D Option D: Debtors Correct answer D. Debtors Show answer Open question
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