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Which of the following section of the society is most adversely affected by inflation? - Economic Applications

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प्रश्न

Which of the following section of the society is most adversely affected by inflation?

विकल्प

  • Government

  • Producers

  • High income group

  • Fixed income groups

MCQ

उत्तर

Fixed income groups

Explanation:

Fixed income groups, such as adults and salaried workers with fixed earnings, are most seriously affected by inflation since their income does not adjust to rising costs, resulting in a fall in purchasing power.

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Effects of Inflation
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अध्याय 10: Inflation - QUESTIONS [पृष्ठ २२४]

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गोयल ब्रदर्स प्रकाशन Economic Application [English] Class 10 ICSE
अध्याय 10 Inflation
QUESTIONS | Q 16. | पृष्ठ २२४
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