Pillar 4c – B Practice Exam Test.
Which of the following goods are included to estimate food inflation in India? (UPSC-CAPF-2020) 1.
Wheat 2. Paddy 3. Tobacco 4. Sugar. - 1,2,4
Find correct statement(s) (UPSC-Prelims-2020) 1. The weightage of food in CPI is higher than that in
Wholesale Price Index (WPI). 2. The WPI does not capture changes in the prices of services, which CPI
does. 3. RBI has now adopted WPI as its key measure of inflation and to decide on changing the key
policy rates. - 1,2
Indexation is a method whose use can be associated with which one of the following? - Controlling
inflation
Which of the following brings out the CPI Number for Industrial Workers? - Labour Bureau
Which of the following measures should be taken when an economy is going through in inflationary
pressures? [UPSC-CDS-2012-I] - The direct taxes should increased.
Consider the following statements:
1. Inflation benefits debtors.2. Inflation benefits the bond-holders.Which of the statements given above
are correct? - A
Only 1
A rapid increase in the rate of inflation is sometimes attributed to the "base effect". What is "base
effect"?(Asked in UPSC-Pre-2011) - C
It is the impact of price levels of the previous year on the calculation of inflation rate.
Which one of the following is likely to be the most inflationary in its effect? (Asked in UPSC-Pre-2013) -
Creating new money to finance a budget deficit.
Which of the following goods are included to estimate food inflation in India? (UPSC-CAPF-2020) 1.
Wheat 2. Paddy 3. Tobacco 4. Sugar. - 1,2,4
Find correct statement(s) (UPSC-Prelims-2020) 1. The weightage of food in CPI is higher than that in
Wholesale Price Index (WPI). 2. The WPI does not capture changes in the prices of services, which CPI
does. 3. RBI has now adopted WPI as its key measure of inflation and to decide on changing the key
policy rates. - 1,2
Indexation is a method whose use can be associated with which one of the following? - Controlling
inflation
Which of the following brings out the CPI Number for Industrial Workers? - Labour Bureau
Which of the following measures should be taken when an economy is going through in inflationary
pressures? [UPSC-CDS-2012-I] - The direct taxes should increased.
Consider the following statements:
1. Inflation benefits debtors.2. Inflation benefits the bond-holders.Which of the statements given above
are correct? - A
Only 1
A rapid increase in the rate of inflation is sometimes attributed to the "base effect". What is "base
effect"?(Asked in UPSC-Pre-2011) - C
It is the impact of price levels of the previous year on the calculation of inflation rate.
Which one of the following is likely to be the most inflationary in its effect? (Asked in UPSC-Pre-2013) -
Creating new money to finance a budget deficit.
