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Chapters
1: Factors of Production
Theory of Demand and Supply
2: Elementary Theory of Demand
3: Elasticity of Demand
4: Theory of Supply
Market
5: Meaning and Types of Markets
Banking in India
6: Meaning and Functions of Money
7: Commercial Banks
8: Central Bank
9: Introduction to Public Finance
10: Public Revenue
11: Public Expenditure
12: Public Debt
Inflation
▶ 13: Inflation
Consumer Awareness
14: Consumer Awareness
![Goyal Brothers Prakashan solutions for Economics [English] Class 10 ICSE chapter 13 - Inflation - Shaalaa.com](/images/economics-english-class-10-icse_6:ca738c8e53b2465d96b5253bb7b17d70.jpg "Goyal Brothers Prakashan solutions for Economics [English] Class 10 ICSE chapter 13 - Inflation")
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Solutions for Chapter 13: Inflation
Below listed, you can find solutions for Chapter 13 of CISCE Goyal Brothers Prakashan for Economics [English] Class 10 ICSE.
Goyal Brothers Prakashan solutions for Economics [English] Class 10 ICSE 13 Inflation Exercise [Pages 198 - 200]
MULTIPLE CHOICE QUESTIONS
Inflation means ______.
A state of high prices
A state of general rise in prices
A state of rise in the value of money
None of these
Identify the incorrect statement from the following:
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
______ refers to a situation where prices rises very slowly.
Inflation
Cost push inflation
Creeping inflation
Hyper inflation
______ inflation occurs when prices rise at a very fast rate from more than 20% to 100 percent or more per annum.
Creeping inflation
Walking inflation
Running inflation
Hyper inflation
______ is beneficial for growth.
Demand pull inflation
Cost push inflation
Creeping inflation
Running inflation
Identity the correct statement from the following:
Debtors gain during inflation
Creditors lose during inflation
Both Debtors gain during inflation and Creditors lose during inflation.
Neither Debtors gain during inflation and Creditors lose during inflation.
A state where 'too much money chases too few goods' represents ______.
Demand pull inflation
Cost push inflation
Creeping inflation
Inflation
Cost push inflation is the consequence of ______.
increase in aggregate demand for goods and services
rise in costs of production
increase in public expenditure
increase in population
Demand pull inflation may be caused by ______.
increase in excise duty
increase in the price of basic raw, materials
increase in population
None of these
______ are worst affected during the period of inflation.
Debtors
Entrepreneurs
Producers
Fixed income groups
Demand for goods will increase during ______ period.
Inflation/Bonus
Deflation
Depression
Stagnation
______ is the first stage of inflation.
Creeping inflation
Walking inflation
Running inflation
Hyper inflation
WPI stands for ______.
Wholesale Print Index
Wholesale Point Index
Wholesale Price Index
Whole Point Index
When the rate of inflation is between 10%-20% per annum, then it is ______ stage of inflation.
Running
Hyper
Creeping
Slow
When the rate of inflation is between 20 to 100 percent per annum then it is called as ______ inflation.
Running
Walking
Galloping
Mild
Short Answer Type Questions
What is inflation?
What is demand pull inflation?
What is meant by cost-push inflation?
Give two causes of demand pull inflation.
Explain the following:
Creeping inflation
Why is creeping inflation considered good for an economy?
What is the meaning of creeping inflation?
Distinguish between creeping inflation and running inflation.
Distinguish between running inflation and hyper inflation.
What is cost push inflation?
Give two causes of cost push inflation.
Explain the effect of inflation on the investors.
Explain the effect of inflation on the fixed income groups and borrowers.
How does inflation affect the following?
Farmers
State one favourable impact of inflation on the government.
Why do small farmers suffer during inflation?
Why is creeping inflation considered good for an economy?
What does the food basket mean with reference to inflation?
What does Consumer price index mean?
What is the impact of inflation on wages?
What is the impact of inflation on salaried class people?
Long Answer Type Questions
What is demand pull inflation?
Give two causes of demand pull inflation.
What is meant by cost-push inflation?
Give two causes of cost push inflation.
What is inflation?
Explain four causes of inflation.
Distinguish between demand pull inflation and cost push inflation.
What is inflation?
Give two causes of demand pull inflation.
Give two causes of cost push inflation.
Explain the effect of inflation on the investors.
What is meant by cost-push inflation?
Briefly explain three determinants of Cost-push inflation.
How does inflation affect the following?
Fixed income group
How does inflation affect the following?
Producers
Briefly explain two favourable impacts of inflation.
Briefly explain two unfavourable impacts of inflation.
What is inflation?
Explain the inflation impact on the producers.
What is the impact of inflation on salaried class people?
What is meant by the term 'Inflation'?
What is inflation impact on debtors?
What is the meaning of creeping inflation?
Explain the following:
Walking inflation
Goyal Brothers Prakashan solutions for Economics [English] Class 10 ICSE 13 Inflation QUESTION BANK [Pages 200 - 202]
What is inflation?
What is the meaning of creeping inflation?
What is meant by running inflation?
What do you understand by hyper inflation?
What is demand pull inflation?
What is cost push inflation?
Give two causes of cost push inflation.
Mention the effect of inflation on the value of money.
Which section of society gains due to inflation? Why?
Which section of the society is worst affected during inflation? Why?
How does inflation affect the following?
Farmers
Why is creeping inflation considered good for an economy?
What is inflation?
Explain four causes of inflation.
What is inflation?
Explain the effects of inflation on the following:
Fixed income groups
Explain the effects of inflation on the following:
Producers
Explain the effects of inflation on the following:
Distribution of income
Solutions for 13: Inflation
Goyal Brothers Prakashan solutions for Economics [English] Class 10 ICSE chapter 13 - Inflation
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Concepts covered in Economics [English] Class 10 ICSE chapter 13 Inflation are Introduction of Inflation, Wholesale Price Index (WPI), Consumer Price Index (CPI), Food Basket, Relationship Between Value of Money and Price Level, Types of Inflation, Demand Pull Inflation, Cost Push Inflation, Effects of Inflation.
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