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| Q. |
'Galloping Inflation' is also known as - |
| A. | Walking Inflation |
| B. | Running Inflation |
| C. | Hyper Inflation |
| D. | Creeping Inflation |
| Answer» C. Hyper Inflation | |
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Explanation: When prices rise between 20% to 100% per annum or even more, it is called galloping or hyperinflation. Such a situation brings a total collapse of the monetary system because of the continuous fall in the purchasing power of money. Galloping inflation has adverse effect on middle and low income groups in the society. |
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