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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.
Which of the following correctly explains the difference between WPI and CPI inflation? 1. CPI accounts for the services too unlike WPI. 2. CPI measures inflation down to the retail consumer level, unlike WPI. 3. Both indicators can be used for the measurement of inflation. Choose the correct answer using the codes below:
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
World Bank has employed major dimensions to construct measures of governance. These dimensions are:
1. Voice and Accountability - measuring political, civil and human rights
2. Instability an d violence - measuring the likelihood of violent threats to or changes in government, including terrorism
3. Government effectiveness - measuring the competence of the bureaucracy and the quality of public service delivery
4. Regulatory burden - measuring the incidence of market, unfriendly policies
5. Rule of law - measuring the quality of contract enforcement, the police, and the courts, as well as the likelihood of crime and violence
Select the correct answer:
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.
Statement is followed by five Conclusions I, II, III, IV and V. You have to consider the statements to be true, even if they seem to be at variance from commonly known facts. You are to decide which of the given conclusions can definitely be drawn from the given statements and indicate your answer accordingly Statement: The eighth largest country in the world by population, Bangladesh is shedding the least developing country (LDC) label and is within striking distance of middle-income status. While grassroots development, the readymade garment industry and the phenomenon of mega-non-governmental organisations deserve credit, so does the stewardship of Sheikh Hasina and her two consecutive five-year terms as Prime Minister since January 2009. Conclusion: I. Bangladesh is working on population control programs. II. Sheikh Hasina is a successful Prime Minister of Bangladesh. III. Bangladesh is soon to be a fast developing country. IV. Before January 2009, Bangladesh was a poor country. V. Development in a country increases Per capita income of the country.
Statement is followed by five Conclusions I, II, III, IV and V. You have to consider the statements to be true, even if they seem to be at variance from commonly known facts. You are to decide which of the given conclusions can definitely be drawn from the given statements and indicate your answer accordingly Statement: The eighth largest country in the world by population, Bangladesh is shedding the least developing country (LDC) label and is within striking distance of middle-income status. While grassroots development, the readymade garment industry and the phenomenon of mega-non-governmental organizations deserve credit, so does the stewardship of Sheikh Hasina and her two consecutive five-year terms as Prime Minister since January 2009. Conclusion: I. Bangladesh is working on population control programs. II. Sheikh Hasina is a successful Prime Minister of Bangladesh. III. Bangladesh is soon to be a fast developing country. IV. Before January 2009, Bangladesh was a poor country. V. Development in a country increases Per capita income of the country.
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?