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प्रश्न
Identify the incorrect statement from the following:
विकल्प
Inflation is a state in which value of money is falling.
Higher the price level, the lower is the power of money to purchase.
Inflation is always associated with a persistent rise in the prices.
None of these
उत्तर
None of these
Explanation:
- Inflation is a condition characterised by a decline in money's value, which reduces purchasing power as prices rise.
- This theory is also valid, as increasing prices decrease money's purchasing power, allowing you to buy less for the same amount of money.
- Inflation is often associated with a steady price rise; however, the rate and amount may vary.
संबंधित प्रश्न
Define inflation.
Answer the following question in one or two sentences:
How does inflation affect moral values?
Explain its impact on the producers and salaried class.
Briefly explain three determinants of Cost-push inflation.
Inflation means __________ rise in price.
The income of a person who carries the risk bearing function is called as ______.
What will happen to the value of money when price level rises? What is this phenomenon known as?
What is the meaning of inflation?
Observe the relationship of the first pair of words and complete the second pair.
During inflation the debtors gain and ______ lose.
With reference to the picture given below answer the questions that follow:
- Define the concept.
- Explain any three types of the concept.
Inflation means ______.
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.
Which of the following statements are true and which are false? Give reasons.
- Inflation refers to a persistent upward movement of the general price level.
- Inflation results in higher level of unemployment.
- Purchasing power of money falls when price level rises.
- Creditors gain during inflation.
- Creeping inflation is regarded essential for economic growth.
