MPSC Rajyaseva Prelims

Inflation question bank (Indian Economy)

Practice 24 free MPSC Rajyaseva Prelims Indian Economy - Inflation questions with answers and step-by-step solutions.

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Q1.

Which of the following best describes 'Core Inflation'?

Topic: Types of Inflation | Source: AI Generated (MPSC Rajyaseva Prelims) | Status: pending review

(A)
Headline inflation minus food and energy inflation
(B)
Inflation calculated using Wholesale Price Index only
(C)
Long-term structural inflation adjusted for seasonal variations
(D)
Inflation rate that includes prices of imported goods and services
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Q2.

Consider the following statements regarding 'Stagflation': 1. It is characterized by slow economic growth and high unemployment. 2. It is accompanied by rising prices or inflation. Which of the statements given above is/are correct?

Topic: Types of Inflation | Source: AI Generated (MPSC Rajyaseva Prelims) | Status: pending review

(A)
1 only
(B)
2 only
(C)
Both 1 and 2
(D)
Neither 1 nor 2
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