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Question 1 of 5
1. Question
1 pointsWhich of the following statements regarding GDP deflator is/are correct?
1. GDP deflator is a measure of the level of prices of all new, domestically produced, final goods and services in an economy in a year.
2. Like the CPI, the GDP deflator is based on a fixed basket of goods and services.
Select the correct answer using the codes given belowCorrect
Statement 1 is correct while statement 2 is incorrect.
The GDP deflator is a measure of the level of prices of all new, domestically produced, final goods and services in an economy in a year.
Like the consumer price index (CPI), the GDP deflator is a measure of price inflation/deflation with respect to a specific base year. The GDP deflator is a more comprehensive inflation measure than the CPI index because it isn’t based on a fixed basket of goods.Incorrect
Statement 1 is correct while statement 2 is incorrect.
The GDP deflator is a measure of the level of prices of all new, domestically produced, final goods and services in an economy in a year.
Like the consumer price index (CPI), the GDP deflator is a measure of price inflation/deflation with respect to a specific base year. The GDP deflator is a more comprehensive inflation measure than the CPI index because it isn’t based on a fixed basket of goods. -
Question 2 of 5
2. Question
1 pointsTeaser loan, often seen in news refers to which of the following given below?
Correct
Teaser loans are those which charge comparatively lower rates of interest in the first few years after which the rates are increased.
Incorrect
Teaser loans are those which charge comparatively lower rates of interest in the first few years after which the rates are increased.
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Question 3 of 5
3. Question
1 pointsWhich of the following given below may lead to Inflation?
1. A reduction in the total productive capacity of the economy even as more and more people are employed
2. Oversupply of goods in the economy
Select the correct answer using the codes given belowCorrect
Statement 1 is correct while statement 2 is incorrect.
Inflation is basically too much money chasing too few goods, or excess demand chasing limited supply. If income rises faster, demand for goods and services will also rise. On the other hand, if the economy is unable to satisfy the increased demand, for e.g. due to poor infrastructure, lack of production etc, the higher income will spiral the prices upwards and lead to high inflation.
Excess supply is likely to bring prices down and not lead to inflation.Incorrect
Statement 1 is correct while statement 2 is incorrect.
Inflation is basically too much money chasing too few goods, or excess demand chasing limited supply. If income rises faster, demand for goods and services will also rise. On the other hand, if the economy is unable to satisfy the increased demand, for e.g. due to poor infrastructure, lack of production etc, the higher income will spiral the prices upwards and lead to high inflation.
Excess supply is likely to bring prices down and not lead to inflation. -
Question 4 of 5
4. Question
1 points8 Degree Channel (8 degrees north latitude) separates which of the following given below?
Correct
8 Degree Channel (8 degrees north latitude) separates the islands of Minicoy and Maldives.
Incorrect
8 Degree Channel (8 degrees north latitude) separates the islands of Minicoy and Maldives.
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Question 5 of 5
5. Question
1 pointsWhich of the following statements regarding Greater one-horned rhinoceros is/are correct?
1. Greater one-horned rhinoceros is native to the Indian subcontinent.
2. It is listed as Critically Endangered on the IUCN Red List.
Select the correct answer using the codes given belowCorrect
Statement 1 is correct while statement 2 is incorrect.
Greater one-horned rhinoceros is a rhinoceros species native to the Indian subcontinent. It is listed as Vulnerable on the IUCN Red List
Pobitora is known for the highest density of Indian one-horned rhinos in the world along with Kaziranga National Park, the shelter for two thirds of the world’s great one-horned rhinos.Incorrect
Statement 1 is correct while statement 2 is incorrect.
Greater one-horned rhinoceros is a rhinoceros species native to the Indian subcontinent. It is listed as Vulnerable on the IUCN Red List
Pobitora is known for the highest density of Indian one-horned rhinos in the world along with Kaziranga National Park, the shelter for two thirds of the world’s great one-horned rhinos.
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