UPSC Exam > UPSC Questions > Over the 7 years period from 2004-2005 to 201...
Start Learning for Free
Over the 7 years period from 2004-2005 to 2010-2011 inflation rate has been ____ percent per annum
- a)4
- b)5
- c)6
- d)7
Correct answer is option 'C'. Can you explain this answer?
| FREE This question is part of | Download PDF Attempt this Test |
Most Upvoted Answer
Over the 7 years period from 2004-2005 to 2010-2011 inflation rate has...
Calculation of Inflation Rate
Inflation rate is the rate at which the general level of prices for goods and services is rising, and, subsequently, purchasing power is falling. To calculate the inflation rate, the formula used is:
Inflation Rate = [(Current Year CPI - Base Year CPI) / Base Year CPI] x 100
Given Data
Here, the given data is:
- Period: 2004-2005 to 2010-2011 (7 years)
- Inflation rate: Unknown
Solution
To calculate the inflation rate, we need CPI data for both the years. However, we are not provided with the CPI data. Hence, we cannot calculate the exact inflation rate. However, we can estimate the inflation rate based on the historical trend.
According to the historical trend, the average inflation rate in India during the period 2004-2005 to 2010-2011 was around 6% per annum. Hence, the correct answer is option C, i.e., 6%.
Conclusion
The inflation rate from 2004-2005 to 2010-2011 is estimated to be around 6% per annum based on the historical trend.
Inflation rate is the rate at which the general level of prices for goods and services is rising, and, subsequently, purchasing power is falling. To calculate the inflation rate, the formula used is:
Inflation Rate = [(Current Year CPI - Base Year CPI) / Base Year CPI] x 100
Given Data
Here, the given data is:
- Period: 2004-2005 to 2010-2011 (7 years)
- Inflation rate: Unknown
Solution
To calculate the inflation rate, we need CPI data for both the years. However, we are not provided with the CPI data. Hence, we cannot calculate the exact inflation rate. However, we can estimate the inflation rate based on the historical trend.
According to the historical trend, the average inflation rate in India during the period 2004-2005 to 2010-2011 was around 6% per annum. Hence, the correct answer is option C, i.e., 6%.
Conclusion
The inflation rate from 2004-2005 to 2010-2011 is estimated to be around 6% per annum based on the historical trend.
Free Test
FREE
| Start Free Test |
Community Answer
Over the 7 years period from 2004-2005 to 2010-2011 inflation rate has...
Answer is C
Attention UPSC Students!
To make sure you are not studying endlessly, EduRev has designed UPSC study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in UPSC.
|
Explore Courses for UPSC exam
|
|
Similar UPSC Doubts
Top Courses for UPSCView all
Over the 7 years period from 2004-2005 to 2010-2011 inflation rate has been ____ percent per annuma)4b)5c)6d)7Correct answer is option 'C'. Can you explain this answer?
Question Description
Over the 7 years period from 2004-2005 to 2010-2011 inflation rate has been ____ percent per annuma)4b)5c)6d)7Correct answer is option 'C'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Over the 7 years period from 2004-2005 to 2010-2011 inflation rate has been ____ percent per annuma)4b)5c)6d)7Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Over the 7 years period from 2004-2005 to 2010-2011 inflation rate has been ____ percent per annuma)4b)5c)6d)7Correct answer is option 'C'. Can you explain this answer?.
Over the 7 years period from 2004-2005 to 2010-2011 inflation rate has been ____ percent per annuma)4b)5c)6d)7Correct answer is option 'C'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Over the 7 years period from 2004-2005 to 2010-2011 inflation rate has been ____ percent per annuma)4b)5c)6d)7Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Over the 7 years period from 2004-2005 to 2010-2011 inflation rate has been ____ percent per annuma)4b)5c)6d)7Correct answer is option 'C'. Can you explain this answer?.
Solutions for Over the 7 years period from 2004-2005 to 2010-2011 inflation rate has been ____ percent per annuma)4b)5c)6d)7Correct answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC.
Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.
Here you can find the meaning of Over the 7 years period from 2004-2005 to 2010-2011 inflation rate has been ____ percent per annuma)4b)5c)6d)7Correct answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
Over the 7 years period from 2004-2005 to 2010-2011 inflation rate has been ____ percent per annuma)4b)5c)6d)7Correct answer is option 'C'. Can you explain this answer?, a detailed solution for Over the 7 years period from 2004-2005 to 2010-2011 inflation rate has been ____ percent per annuma)4b)5c)6d)7Correct answer is option 'C'. Can you explain this answer? has been provided alongside types of Over the 7 years period from 2004-2005 to 2010-2011 inflation rate has been ____ percent per annuma)4b)5c)6d)7Correct answer is option 'C'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Over the 7 years period from 2004-2005 to 2010-2011 inflation rate has been ____ percent per annuma)4b)5c)6d)7Correct answer is option 'C'. Can you explain this answer? tests, examples and also practice UPSC tests.
|
|
Explore Courses for UPSC exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup