MCQ - Inflation CA Foundation Notes | EduRev

Economics for CA CPT

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CA Foundation : MCQ - Inflation CA Foundation Notes | EduRev

 Page 1


• CPT Mercantile Law 
Chapter - 6 Select Aspects of Indian Economy 
 
• CA. Dipti Lunawat 
Inflation 
Unit V[ Part2/2]  
Page 2


• CPT Mercantile Law 
Chapter - 6 Select Aspects of Indian Economy 
 
• CA. Dipti Lunawat 
Inflation 
Unit V[ Part2/2]  
Question No.1 
Inflation refers to persistent ______movement in general price level. 
[A] Downward 
[B] Upward 
[C] Volatile 
[D] Fluctuating 
Ans-B 
Page 3


• CPT Mercantile Law 
Chapter - 6 Select Aspects of Indian Economy 
 
• CA. Dipti Lunawat 
Inflation 
Unit V[ Part2/2]  
Question No.1 
Inflation refers to persistent ______movement in general price level. 
[A] Downward 
[B] Upward 
[C] Volatile 
[D] Fluctuating 
Ans-B 
Question No.2 
For inflation to occur average price increase should be at least 
____per year. 
[A] 5% 
[B] 4% 
[C] 6% 
[D] 7% 
Ans-A 
Page 4


• CPT Mercantile Law 
Chapter - 6 Select Aspects of Indian Economy 
 
• CA. Dipti Lunawat 
Inflation 
Unit V[ Part2/2]  
Question No.1 
Inflation refers to persistent ______movement in general price level. 
[A] Downward 
[B] Upward 
[C] Volatile 
[D] Fluctuating 
Ans-B 
Question No.2 
For inflation to occur average price increase should be at least 
____per year. 
[A] 5% 
[B] 4% 
[C] 6% 
[D] 7% 
Ans-A 
Question No.3 
The price rise which occur because demand for goods and services is 
higher than their supply is called: 
[A] Demand pull inflation 
[B] Cost push inflation  
[C] Stagflation 
[D] Deflation  
Ans-A 
Page 5


• CPT Mercantile Law 
Chapter - 6 Select Aspects of Indian Economy 
 
• CA. Dipti Lunawat 
Inflation 
Unit V[ Part2/2]  
Question No.1 
Inflation refers to persistent ______movement in general price level. 
[A] Downward 
[B] Upward 
[C] Volatile 
[D] Fluctuating 
Ans-B 
Question No.2 
For inflation to occur average price increase should be at least 
____per year. 
[A] 5% 
[B] 4% 
[C] 6% 
[D] 7% 
Ans-A 
Question No.3 
The price rise which occur because demand for goods and services is 
higher than their supply is called: 
[A] Demand pull inflation 
[B] Cost push inflation  
[C] Stagflation 
[D] Deflation  
Ans-A 
Question No.4 
____refers to a situation where prices persistently rise because of 
growing factor costs. 
[A] Demand pull inflation 
[B] Cost push inflation  
[C] Stagflation 
[D] Deflation  
Ans-B 
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