Question : Inflation is a situation characterised by
Option 1: too much money chasing too few goods
Option 2: too few money chasing too many goods
Option 3: too many people chasing too few goods
Option 4: too many people chasing too little money
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Correct Answer: too much money chasing too few goods
Solution : The correct option is too much money chasing too few goods.
Two features of inflation are a sharp increase in prices and a decrease in the purchasing power of a currency. It may occur if there is a shortage of products and services and an excess of money in circulation, which would drive up prices elsewhere.
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Question : Stagflation refers to a situation which is characterised by
Option 1: Stagnant employment and deflation
Option 2: deflation and rising unemployment
Option 3: inflation and rising employment
Option 4: inflation and rising unemployment
Question : Buildings, machinery, tools, and equipment are a few examples of the capital goods that firms employ to produce their goods and services.
Option 1: Consumer goods
Option 2: Inferior goods
Option 3: Intermediate goods
Option 4: Capital goods
Question : Buckminsterfullerene is a nanoparticle characterised by spherical geometry and a hollow interior which contains how many carbon atoms?
Option 1: 60
Option 2: 50
Option 3: 40
Option 4: 70
Question : Inflation is caused by
Option 1: Increase in money supply and decrease in production
Option 2: increase in money supply
Option 3: increase in production
Option 4: decrease in prodution
Question : Directions: In this question, a part of the sentence is in bold. Below are given alternatives to the bold part at 1, 2, and 3 which may improve the sentence. Choose the correct alternative. In case no improvement is needed your answer is 4.
It is much too important to be made a joke of.
(1) too much important
(2) too many important
(3) very much important
(4) No improvement
Option 1: (1)
Option 2: (2)
Option 3: (3)
Option 4: (4)
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