A steady increase in the general level of prices as a result of excessive increase in aggregate demand as compared to aggregate supply is termed as : [CDS 1999]

Related MCQs

• Microeconomics is concerned with: 1. behaviour of industrial decision-makers 2. the level of employment 3. changes in the general level of prices 4. determination of prices of goods and services
• The National Income is more at current prices than at constant prices because: [CDS 1992]
• Which of the following are definite implications of a fall in inflation? 1. Prices have fallen 2. Prices are increasing more slowly than before 3. Food supply has increased 4. There is industrial stagnation
• Consider the following events: 1. Conversion of Imperial Bank of India into S.B.I. 2. Establishment of NABARD 3. Setting up of RRBs 4. Nationalisation of R.B.I. The correct chronological sequence of these events is : [CDS 1999]
• After 1991, the Central Government implemented various far-reaching reforms in the area of taxation. This was based on the recommendations of the: [CDS 1999]
• After the initiation of economic reforms in 1991-92 the percentage share of: [CDS 1999]
• Fiscal deficit in the budget means: [CDS 1999]
• Development is : [CDS 1999]
• National income calculated at current prices in India has shown a tendency to rise at a faster rate than national income at constant prices. This is because:
• Over the last few years: 1. the value of imports has increased at a faster rate as compared to exports 2. exports have fallen as compared to imports 3. both exports and imports have risen 4. the balance of trade has been favourable to India