Advertisements
Advertisements
प्रश्न
Briefly explain three determinants of Cost-push inflation.
उत्तर
Three Determinants of Cost-push inflation:
- Fluctuations in Output and Supply: The wide fluctuations in the production of foodgrains have been mainly responsible for price rise. There was a remarkable increase in the production Of food grains during the first two plans and the supply of food grains was good. But fluctuation in foodgrain production, the tactics of holding, resulted in an increase in price.
- Public Distribution System: The defective working of the public distribution system results in an uneven supply of various goods, ultimately affecting the prices of essential commodities by way of artificial scarcity.
- Rise in Wages: The rise in the general price level raises the cost of living which in turn, leads to demand for higher wages by workers. When the demand for higher wages is met, it will lead to a further rise in costs or prices.
APPEARS IN
संबंधित प्रश्न
Define inflation.
Answer the following question in one or two sentences:
How does inflation affect moral values?
Can inflation lead to economic development? Give a reason for your answer.
Read the extract given below and answer the questions that follow:
|
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. |
-
- What is meant by inflation? 2
- How is creeping inflation different from waling inflation? 2
- Explain the impact of inflation on: 3
- Wage earners and salaried class
- The investors
-
- What do you mean by division of labour? 2
- Explain any two advantages of division of labour. 3
- 'Labour as a factor of production differs from other factors of production.’ In this context explain any two features of labour. 2
The income of a person who carries the risk bearing function is called 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 ______.
Identify the incorrect statement from the following:
