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Consider the following statements regarding Imported Inflation. When the general price level rises in a country because of the rise in prices of imported commodities, inflation is termed as imported. The weakening of the domestic currency may lead to imported inflation in the country.Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct 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 Consider the following statements regarding Imported Inflation. When the general price level rises in a country because of the rise in prices of imported commodities, inflation is termed as imported. The weakening of the domestic currency may lead to imported inflation in the country.Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct 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 Consider the following statements regarding Imported Inflation. When the general price level rises in a country because of the rise in prices of imported commodities, inflation is termed as imported. The weakening of the domestic currency may lead to imported inflation in the country.Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?.

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