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Read the following.
Unions demand high wages to counter inflationary pressures on the economic conditions of the working class. Higher wages enhance the purchasing power of the workers, there by raising inflation.
Which of the following inferences are wrong?
1. Unions have the sole purpose of improving the economic conditions of workers.
2. Enhanced wages increase the purchasing power of workers.
3. Inflation and purchasing power are negatively correlated.
4. Inflation drives unions to go for demanding higher wages.
Consider the following with respect to the term 'Core Inflation': A) Core Inflation is the inflation rate of a particular basket of commodities. B) Core Inflation is the sudden increase in prices of certain items of food grains.C) Core inflation is caused by supply shock in certain essential commodities.
Consider the following: (a) Creeping inflation is conducive to economic growth and may have favorable effects. (b) During inflation value of money increases. (c) Inflation benefits debtors. (d) Inflation decreases the inequality of income. Which of the statement/s given above is/are correct?
Consider the statements: RBI uses inflation targets to decide its various monetary policy rates.  RBI only considers only CPI for inflation targeting. RBI uses CPI along with WPI for inflation targeting. Inflation targeting guarantees economic stability in a country. Which of the following statements are true?
Which of the following comes under different types of inflation? Cost-push Inflation Demand-pull Inflation Built-in Inflation
Ram and Shyam had certain sum of money in the ratio of 5 : 3 and they spend their money in purchasing book in the ratio 9 : 5. After purchasing books each of them have Rs. 5000. Find money of Ram which he initially had?
With reference to the Indian economy, demand-pull inflation can be caused/increased by which of the following? 1. Expansionary policies 2. Fiscal stimulus. 3. Inflation-indexing wages 4. Higher purchasing power 5. Rising interest rates Select the correct answer using the code given below.
Due to inflation, purchasing power of money ---
Due to inflation purchasing power of money:
The Indian economy has become the third economy in the world on the basis of purchasing power parity. Which of following countries are large economy than India on the basis of purchasing power parity-