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Related Current Affairs
A rapid increase in the rate of inflation is sometimes attributed to the “base effect”. What is “base effect”?
Which one of the following statements is an appropriate description of deflation ?
Consider the following statements : 1. Inflation benefits the debtors. 2. Inflation benefits the bond-holders. Which of the statements given above is/
The correct answer is option (b): Inflation. Watch the detailed video explanation in our Sherlocking Prelims course on UnlockIAS.
This question was asked in UPSC CSE Prelims 2011, GS Paper 1, as Question 87. It falls under Indian Economy > Inflation & Price Indices.
This question is rated "easy". It tests basic recall and most well-prepared aspirants should answer it correctly.
UPSC has asked 15 questions from Inflation & Price Indices (under Indian Economy) across multiple years. Visit the topic page to see the full list and year-wise trends.