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प्रश्न
Define inflation.
What is inflation?
उत्तर १
Inflation is defined as a sustained increase in the aggregate price level. It refers to a state of rising prices and not a state of high prices.
उत्तर २
Crowther defined inflation as ‘a state in which the value of money is falling, i.e. prices are rising.’ It refers to a state of rising prices and not a state of high prices.
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संबंधित प्रश्न
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|
ET Bureau, Aug 01, 2022 Food prices may not ease this fiscal deficit and can throw India’s monetary policy makers a tougher challenge in bringing down inflation and anchoring inflation expectation, Crisil said on Monday. The recent rise in food inflation is mainly supply shortages-led, driven by both global geopolitical conflicts and impact of local heat waves. Other factors such as rising input costs in agricultural production have played their part too. The surge in food prices is accompanied by high fuel and core inflation following the? Russia- Ukraine war, keeping inflation consistently above the Reserve Bank of India's upper target band of 6% for the past few months. “This has put monetary policy in a quandary and made it imperative for the central bank to look closely at factors pushing up food prices.” Crisil said, predicting overall CPI inflation at 6.8% and food inflation at 7% for the current fiscal. |
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- Wage earners and salaried class
- The investors
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Observe the relationship of the first pair of words and complete the second pair.
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Read the following statements - Assertion (A) and Reason (R). Choose one of the correct alternatives given below:
Assertion (A): Inflation is a continuous rise in the general price level.
Reason (R): Inflation increases standard of living.
