Which of the following factors is/are said to increase general price levels in an economy?
1. Increase in population
2. Consumerism
3. Increase in money supply
Select the correct answer using the code given below:
2 and 3 only
1 and 2 only
3 only
1, 2 and 3
• Increase in general prices is commonly referred to as inflation.
• Increase in population results in increase in demand, thereby increasing the price levels in the economy.
• In a culture of consumerism, people spend more money than savings. This is said to be inflationary in nature.
• When there is increased supply of money, too much money is trying to purchase too few good. Thus, the price levels of the goods increase.
• An appreciating Rupee makes imports costlier, thus inducing ‘imported inflation’.
Democracy's superior virtue lies in the fact that it calls into activity
Current Affairs · Easy
Which of the following led to the introduction of English Education in India? 1. Charter Act of 1813 2. General Committee of Public Instruction, 1823 3. Orientalist and Anglicist Controversy Select the correct answer using the code given below :
Current Affairs · Easy
India has a score of 0.44 in the Human Capital Index released by the World Bank. What does this imply?
Current Affairs · Easy
Which of the following points were the reasons for the failure of the Left Wing? 1. It failed to show ideological and tactical flexibility. 2. It failed to make a deep study of Indian reality. 3. The Left invariably fought the dominant Congress on wrong issues and was forced to trail behind that leadership. Select the correct answer using the code given below:
Current Affairs · Easy