Static Quiz 25 July 2025 (Economy)
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- Question 1 of 5
1. Question
Which of the following statements is/are correct regarding inflation in India?
1. CPI is the most widely used index to measure retail inflation.
2. Core inflation excludes food and fuel prices.
3. WPI is directly used by RBI for inflation targeting.
How many statements are correct?CorrectCorrect Answer: (b)
Explanation:
• 1. Correct. CPI (combined) is used officially for inflation targeting.
• 2. Correct. Core inflation = CPI minus food & fuel.
• 3. Incorrect. RBI uses CPI, not WPI, for monetary policy.IncorrectCorrect Answer: (b)
Explanation:
• 1. Correct. CPI (combined) is used officially for inflation targeting.
• 2. Correct. Core inflation = CPI minus food & fuel.
• 3. Incorrect. RBI uses CPI, not WPI, for monetary policy. - Question 2 of 5
2. Question
Which of the following can lead to “jobless growth” in an economy like India?
1. Increased automation in industries
2. Growth concentrated in capital-intensive sectors
3. Labour reforms boosting hiring of permanent workers
How many are correct?CorrectCorrect Answer: (b)
Explanation:
• 1 & 2: Correct. Both increase GDP without proportionate job growth.
• 3: Incorrect. Labour reforms (if inclusive) aim to reduce job rigidity, not jobless growth.IncorrectCorrect Answer: (b)
Explanation:
• 1 & 2: Correct. Both increase GDP without proportionate job growth.
• 3: Incorrect. Labour reforms (if inclusive) aim to reduce job rigidity, not jobless growth. - Question 3 of 5
3. Question
The term “stagflation” refers to a situation where:
CorrectCorrect Answer: (b)
Explanation:
• Stagflation = Stagnant growth + Inflation. It’s a tough scenario for policy-making.IncorrectCorrect Answer: (b)
Explanation:
• Stagflation = Stagnant growth + Inflation. It’s a tough scenario for policy-making. - Question 4 of 5
4. Question
Consider the following about India’s unemployment measures:
1. Usual Status (US) measures chronic unemployment.
2. Current Weekly Status (CWS) includes intermittent work during the week.
3. Labour Force Participation Rate (LFPR) includes only employed persons.
How many statements are correct?CorrectCorrect Answer: (b)
Explanation:
• 1. Correct. US gives long-term view.
• 2. Correct. CWS includes anyone who worked even for 1 hour in the week.
• 3. Incorrect. LFPR includes both employed and unemployed persons.IncorrectCorrect Answer: (b)
Explanation:
• 1. Correct. US gives long-term view.
• 2. Correct. CWS includes anyone who worked even for 1 hour in the week.
• 3. Incorrect. LFPR includes both employed and unemployed persons. - Question 5 of 5
5. Question
In the context of fiscal policy, which of the following constitute capital expenditure for the government?
1. Grants given to states for capital works
2. Interest payments on loans
3. Loans to PSUs for infrastructure
4. Salaries to government employees
Select the correct option:CorrectCorrect Answer: (b)
Explanation:
• Capital Expenditure: Creation of assets or reduction in liabilities.
• 1 & 3: Valid capital expenditures.
• 2 & 4: Revenue expenditure (recurring in nature).IncorrectCorrect Answer: (b)
Explanation:
• Capital Expenditure: Creation of assets or reduction in liabilities.
• 1 & 3: Valid capital expenditures.
• 2 & 4: Revenue expenditure (recurring in nature).
