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While releasing the data relating to inflation increased by the Govt, it is observed that
1) The consumer price index based inflation increased to 11% and
2) Whole sale price index based inflation increased to 8%
3) The govt. claims that due to implementation of Banks Bi-partite Settlement, there is increase in demand of goods and services leading to increase in consumer prices.
4) Further due to increased wages and salaries, there is increase in cost of inputs leading to increase in whole-sale price index.
Answer the following questions, based on the above information.
1. The inflation caused by the the information given at point no.3 in the question, is not called as ...... (i) Core inflation, (ii) Demand Pull inflation (iii) Cost-push inflation
a. Only (i) and (ii)
b. Only (i) and (iii)
c. Only (ii) and (iii)
d. (i), (ii) and (iii)
Ans - b
2. The inflation rate of 8%, represented by the whole sale price, is called:
a. Core inflation
b. Headline inflation
c. Demand Pull inflation
d. Cost-push inflation
Ans - b
3. The inflation rate 11% represented by the consumer price, is called:
a. Core inflation
b. Headline inflation
c. Demand Pull inflation
d. Cost-push inflation
Ans - a
4. The inflation caused by the information given at point no.4 in the question, is not called as ...... (i) Core inflation, (ii) Demand Pull inflation (iii) Cost-push inflation
a. Only (i) and (ii)
b. Only (i) and (iii)
c. Only (ii) and (iii)
d. (i), (ii) and (iii)
Ans - a
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