Q1. What is the full form of the PPI in context of Inflation?
1) Purchasing Power Index
2) Producer Price Index
3) Purchasing Price Index
4) Paying Power Index
5) Producer Purchasing Index
Answer-2
Q2. Who is responsible for the release of Inflation related data?
1) CSO
2) NSO
3) SEBI
4) MOSPI
5) RBI
Answer-4
Q3. If Inflation and Recession both are present in the economy simultaneously, the situation is known as-
1) Stagflation
2) Disinflation
3) Deflation
4) Reflation
5) Skewflation
Answer-1
Q4. Who is primarily responsible to counter Inflation in India?
1) Finance Ministry
2) GOI
3) RBI
4) SEBI
5) IRDA
Answer-3
Q5. What is the frequency of Monetary Policy Review in India?
1) Annually
2) Half Yearly
3) Quarterly
4) Bimonthly
5) Fortnightly
Answer-4
Q6. What is the Base year of CPI at present?
1) 1992
2) 1999
3) 2002
4) 2004
5) 2012
Answer-5
Q7. How many articles are there in WPI basket at present?
1) 626
2) 676
3) 636
4) 776
5) 896
Answer-2
Q8. In how many categories, CPI is calculated?
1) 1
2) 2
3) 3
4) 4
5) 5
Answer-4
Q9. The CPI inflation for the month of April is-
1) 5.41 %
2) 5.61 %
3) 5.39 %
4) 3.96 %
5) 4.44 %
Answer-3
Q10. Which of the following Inflation type is most favourable for a developing economy?
1) Walking Inflation
2) Running Inflation
3) Creeping Inflation
4) Galloping Inflation
5) Crawling Inflation
Answer-1
