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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.
Given below are two statements, one labelled as Assertion (A) and the other labelled as Reason (R). Read the statements and choose the correct answer:
Assertion (A) The nominal interest rate comprises of a real interest rate and an expected rate of inflation and it adjusts when the inflation rate is expected to change. Hence, in the perfect international capital markets, real rate of returns are equal in the two countries.
Reason (R) The international fisher effects states that the nominal interest rate differential must be equal to the expected inflation rate differential In the two countries.
Consider the following statements: a. The average CPI inflation declined to 4.9% in 2015 – 16 from 5.9% in 2014 – 15. b. The average inflation based on the Wholesale Price Index declined to (-) 2.5% in 2015 – 16 from 2.0% in 2014 – 15. c. The average inflation was 2.9% during April – December 2016. Which of the statement/s given above is/are correct?
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
Questions below followed by three quantities. Find the relationship between them. Quantity I: In a class with a certain number of students if a teacher weighing 78 kg is added, then average weight of class is increased by 2 kg. If one more teacher weighing 66 kg is added, then the average weight of the class increases by 3.5 kg over the original average. What is the original average weight (in kg) of the class? Quantity II: The average age of 16 students and their teacher's age is 16 years. If the teacher's age is excluded, the average reduces by 2. What is the teacher's age? Quantity III: Average weight of three friends A, B and C is 46 kg. Another person D joins the group and now the average is 45 kg. If another person E whose weight is 6 kg more than D, joins the group replacing A, then average weight of B, C, D and E becomes 47 kg. What is the weight of A (in kg)?
In the question below, a passage is given followed by three courses of actions numbered I, II and III. On the basis of the information given, you have to assume everything in the statement to be true, and then decide which of the following suggested courses of actions logically follow(s) for pursuing. Passage: India's retail inflation jumped from 6.09% in June to 6.93% in July as per the National Statistical Office (NSO) data released on August 13, 2020. The rise is fuelled mainly due to the surge in food prices, which soared by 10%. RBI, in its MPC meeting last week, had kept the repo rate unchanged with an accommodative policy stance. Courses of action: I. RBI must hike the repo rate in the upcoming MPC. II. The government must stop payments to farmers under PM-KISAN yojana as the hike in Food Prices will give them more remunerative prices. III. All citizens should start cultivating food on their own to counter food inflation.
The nominal interest rate is defined as the amount paid the borrower to the lender for using the borrowed amount for a specific period. Real interest rate calculated based on actual value (inflation-adjusted), is approximately equal to the difference between the nominal rate and expected rate of inflation in the economy. Which of the following assertions is best supported by the above information?
Which of the following statements are true/false?
1. A minimum rate of wages for the time spent by employees for the production of output is minimum time rate.
2. Minimum piece rate is the rate based on the quantity of the output employees have produced.
3. The guaranteed time rate is a minimum rate of remuneration to apply in the case of employees employed on piece work for the purpose of securing to such employees a minimum rate of wages on a time work basis.
4. A minimum rate of remuneration to apply in the case of employees employed on piece work for the purpose of securing to such employees a minimum rate of wages on a time work basis is overtime rate.