General Knowledge

Economy

Hard

Read the following Statements carefully and answer the question that follows:

Statement (I): Controlling Wages is a measure to control Inflation

Statement (II): Increasing Wages is a measure to control Inflation

Statement (III): Increasing rates of interest on Bank deposits is a measure to control Inflation

Statement (IV): Increasing spending on infrastructural development is a measure to control Supply side Inflation

Choose the correct option from the following:

Statements (I), (II), (III) and (IV) are all incorrect

Statements (I), (III) and (IV) are all correct but Statement (II) is incorrect

Statements (I) and (II) are both correct but Statements (III) and (IV) are both incorrect

Statements (I), (II), (III) and (IV) are all correct

✅ Correct Option: 2

Statement (I) -> Controlling wages reduces disposable income, thereby reducing demand and helping control demand-pull inflation - Correct measure.

Statement (II) -> Increasing wages would increase disposable income and production costs, worsening both demand-pull and cost-push inflation - Not a control measure.

Statement (III) -> Higher interest rates on deposits encourage savings over spending, reducing money circulation and controlling inflation - Correct monetary policy tool.

Statement (IV) -> Infrastructure investment increases production capacity and supply efficiency, addressing the root cause of supply-side inflation - Correct long-term measure.

Hence, Option 2 -> Statements I, III, and IV correctly identify anti-inflationary measures (wage control, higher deposit rates, and infrastructure spending), while Statement II incorrectly suggests increasing wages, which would actually fuel inflation rather than control it -> correct

2022: 17 Aug Shift 1

From the following pairs select the combination of right pair from the following options.

a. Kuwait : Taka

b. Greece : Dinnar

c. Argentina : Peso

d. Bangladesh : Taka

e. Sweden : Krona

Choose the correct answer from the options given below

2025: 27 May Shift 2

The Headquarters of the World Trade Organisation is located in which of the following country?

2025: 24 May Shift 2

The National Rural Employment Guarantee Act (NREGA) 2005 now known as Mahatma Gandhi Rural Employment Guarantee Act (MGNREGA) was launched on 2nd February 2006. It envisages securing the livelihood of people in rural areas.

(A) Guarantees at least 100 days of wage employment per financial year to every rural household.

(B) Employment to be given within 15 days of the application for work.

(D) At least 50% of beneficiaries have to be women.

Choose the correct answer from the options given below:

2025: 3 June Shift 1

Arrange the following in a sequence starting with the earliest to later:

(A) Pardhan Mantari Matsya Sampada Yojana.

(B) Pradhan Mantri Fasal Bima Yojna.

(D) National Co-operative Development Corporation.

Choose the correct answer from the options given below:

2024

Out of the given options, which scheme's objective is to conduct an annual survey at the gram panchayat level to monitor the progress in the development process of rural areas ?

2026: 24 May Shift 1

What was launched in 2007 by the Indian government to sustain productivity gains ?

Solution

Related questions:

Keyboard Shortcuts

CUET General Test Past Year Questions (Topic-Wise)