Inflation, Subsidy, PDS MCQs for CET Graduate
Practice 20 free Inflation, Subsidy, PDS questions under Indian Economy — Economy.
Strengthen your Inflation, Subsidy, PDS knowledge for CET Graduate with curated MCQs. Switch between Hindi and English anytime.
CET Graduate — Indian Economy — Inflation, Subsidy, PDS
20 Questions • Instant results & explanations • Hindi & English
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Question 1 of 20
What is the primary objective of 'Action against Black Marketing' in the context of inflation control?
Question 2 of 20
Under the National Food Security Act 2013, what provision is made if the government fails to supply the entitled food grains?
Question 3 of 20
Match the following factors with the type of inflation they primarily trigger: List-I (Factor) A. Increase in MSP (Minimum Support Price) for crops B. Implementation of 7th Pay Commission (Higher Salaries) C. Global supply chain disruption D. Reduction in Income Tax List-II (Type) i. Demand-Pull Inflation ii. Cost-Push Inflation
Question 4 of 20
Assertion (A): Subsidies are considered contrary to the rules of market competition. Reason (R): Subsidies distort market prices by artificially lowering costs for certain sectors or products.
Question 5 of 20
Which of the following interventions falls under 'Direct Intervention' to manage inflation?
Question 6 of 20
Assertion (A): The Minimum Support Price (MSP) acts strictly as a ceiling price, forbidding farmers from selling above it in the open market. Reason (R): The Cabinet Committee on Economic Affairs (CCEA) approves the MSP to guarantee a safety net for farmers against sharp market price drops.
Question 7 of 20
If the inflation rate is 2%, it falls under which category?
Question 8 of 20
In which budget was the implementation of 'One Nation One Ration Card' across the whole country announced?
Question 9 of 20
Which index was considered the main inflation index for policy making in India before 2014?
Question 10 of 20
Which of the following factors are considered 'Other Factors' excluded from Headline Inflation to calculate Core Inflation? 1. Crude oil prices in the international market 2. Natural disasters 3. Transport disruptions Select the correct answer:
Question 11 of 20
How many items are currently included in the basket of the Wholesale Price Index (WPI)?
Question 12 of 20
What is the primary function of the 'Aadhaar' component in the JAM trinity?
Question 13 of 20
Which system is described as 'a system to manage food scarcity via subsidized essential goods'?
Question 14 of 20
Which of the following is NOT a consequence of Hyperinflation?
Question 15 of 20
Identify the incorrect pair regarding the type of subsidy and its example.
Question 16 of 20
Which of the following is NOT a correct match of Index and its Publishing Body?
Question 17 of 20
What is the primary purpose of 'Economic Subsidy' as distinct from 'Social Subsidy'?
Question 18 of 20
What does the acronym 'JAM' stand for in the context of subsidy reform?
Question 19 of 20
Which socio-economic census serves as the basis for identifying eligible households under the National Food Security Act, 2013?
Question 20 of 20