UPSC Exam > UPSC Videos > Indian Economy for UPSC CSE > Measures of Inflation: Price & Inflation
Measures of Inflation: Price & Inflation Video Lecture | Indian Economy for UPSC CSE
This video is part of 146 videos|314 docs|135 tests | Join course for free |
|
146 videos|314 docs|135 tests
|
FAQs on Measures of Inflation: Price & Inflation Video Lecture - Indian Economy for UPSC CSE
| 1. What is the difference between price and inflation? |  |
| 2. How is inflation measured? | |
Ans. Inflation is commonly measured using various indices, the most popular being the Consumer Price Index (CPI) and the Producer Price Index (PPI). The CPI tracks the average change over time in the prices paid by consumers for a basket of goods and services, while the PPI measures the average change in selling prices received by domestic producers for their output.
| 3. What are the main causes of inflation? | |
Ans. The main causes of inflation can be classified into three categories: demand-pull inflation, cost-push inflation, and built-in inflation. Demand-pull inflation occurs when demand for goods and services exceeds supply. Cost-push inflation results from rising production costs, leading to higher prices for consumers. Built-in inflation arises from adaptive expectations, where businesses and workers expect prices to rise and adjust wages and prices accordingly.
| 4. What are the effects of inflation on the economy? | |
Ans. Inflation can have several effects on the economy, including reduced purchasing power, increased cost of living, and uncertainty in investment. While moderate inflation can stimulate spending and investment, high inflation can lead to decreased consumer confidence, higher interest rates, and a slowdown in economic growth.
| 5. How can individuals protect themselves from inflation? | |
Ans. Individuals can protect themselves from inflation by diversifying their investments, investing in assets that typically appreciate over time, such as real estate or stocks, and considering inflation-protected securities like TIPS (Treasury Inflation-Protected Securities). Additionally, maintaining a budget and being mindful of spending can help mitigate the impact of rising prices.
Related Exams
About this Video
1.1K Views
4.87/5
Rating
Mar 15, 2025
Last updated
Video Description: Measures of Inflation: Price & Inflation for UPSC 2025 is part of Indian Economy for UPSC CSE preparation.
The notes and questions for Measures of Inflation: Price & Inflation have been prepared according to the UPSC exam syllabus.
Information about Measures of Inflation: Price & Inflation covers all important topics for UPSC 2025 Exam.
Find important definitions, questions, notes, meanings, examples, exercises and tests below for Measures of Inflation: Price & Inflation.
Introduction of Measures of Inflation: Price & Inflation in English is available as part of our Indian Economy for UPSC CSE for UPSC & Measures of Inflation: Price & Inflation in
Hindi for Indian Economy for UPSC CSE course. Download more important topics related with notes, lectures and mock test series for
UPSC Exam by signing up for free.
Description
Video Lecture & Questions for Measures of Inflation: Price & Inflation Video Lecture | Indian Economy for UPSC CSE - UPSC full syllabus preparation | Free video for UPSC exam to prepare for Indian Economy for UPSC CSE.
Information about Measures of Inflation: Price & Inflation
Here you can find the meaning of Measures of Inflation: Price & Inflation defined & explained in the simplest way possible.
Besides explaining types of Measures of Inflation: Price & Inflation theory, EduRev gives you an ample number of questions to practice Measures of Inflation: Price & Inflation tests,
examples and also practice UPSC tests.
Related Searches
Important questions
,Previous Year Questions with Solutions
,MCQs
,Viva Questions
,Summary
,mock tests for examination
,Objective type Questions
,past year papers
,Semester Notes
,shortcuts and tricks
,Measures of Inflation: Price & Inflation Video Lecture | Indian Economy for UPSC CSE
,study material
,Free
,Measures of Inflation: Price & Inflation Video Lecture | Indian Economy for UPSC CSE
,Sample Paper
,Exam
,video lectures
,practice quizzes
,Extra Questions
,ppt
,Measures of Inflation: Price & Inflation Video Lecture | Indian Economy for UPSC CSE
;
Study Measures of Inflation: Price & Inflation on the App
Students of UPSC can study Measures of Inflation: Price & Inflation alongwith tests & analysis from the EduRev app,
which will help them while preparing for their exam. Apart from the Measures of Inflation: Price & Inflation,
students can also utilize the EduRev App for other study materials such as previous year question papers, syllabus, important questions, etc.
The EduRev App will make your learning easier as you can access it from anywhere you want.
The content of Measures of Inflation: Price & Inflation is prepared as per the latest UPSC syllabus.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up
within 7 days!
within 7 days!
Takes less than 10 seconds to signup