Inflation Test

3 questions · Untimed

Q1.RAS 2018HardInflation

Which of the following fixed the four percent inflation target in India with tolerance level of +/-2 percent for the period 2016 to 2021 ?

Q2.RAS 2023MediumInflation

Consider the following statements regarding inflation Statement (A) : Head-line inflation refers to the rate of change in the Consumer Price Index Number, a measure of the average price of a standard basket of goods and services consumed by a typical family. Statement (B) : Core inflation measures the change in average consumer prices after excluding from the Consumer Price Index certain items of volatile prices such as food and fuel. Of these statements

Q3.RAS 2018HardInflation

Assertion (A) : Cost push inflation is caused by shift in aggregate supply curve.? Reason (R) : Shift in aggregate supply curve takes place because of increase in wages.