CET 12th Level — Inflation, Subsidy, PDS MCQs
Practice 20 free inflation, subsidy, pds multiple choice questions for CET 12th Level exam. Instant answers with explanations in Hindi and English.
Master Inflation, Subsidy, PDS under Indian Economy for CET 12th Level with our curated MCQ set. Every question follows real Rajasthan exam patterns. Switch between Hindi and English anytime.
CET 12th Level — Indian Economy — Inflation, Subsidy, PDS
20 Questions • Instant results & explanations • Hindi & English
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Question 1 of 20
What is the base year currently used for calculating the Wholesale Price Index (WPI)?
Question 2 of 20
Which of the following creates a 'Vicious Cycle' in the economy during high inflation?
Question 3 of 20
What is the primary objective of 'Action against Black Marketing' in the context of inflation control?
Question 4 of 20
Which of the following is NOT listed as a cause for increase in demand leading to Demand-Pull Inflation?
Question 5 of 20
The Shanta Kumar Committee (2014) was primarily formed to recommend reforms for which organization?
Question 6 of 20
Subsidies provided on Petrol and Diesel are classified as:
Question 7 of 20
Consider the following statements: 1. Rajasthan State Government releases its own WPI. 2. The base year for Rajasthan WPI is 1999-2000. Which of the statements given above is/are correct?
Question 8 of 20
What happens to the 'Self-Reliance' (Swavalambi) of citizens due to excessive long-term subsidies?
Question 9 of 20
What is the primary function of the Food Corporation of India (FCI) established in 1965?
Question 10 of 20
What is the primary reason for calculating inflation on a Year-on-Year (YoY) basis rather than Month-on-Month (MoM)?
Question 11 of 20
Which of the following categories represents 'Primary Articles' in the WPI basket?
Question 12 of 20
In the evolution of PDS, what major change occurred on 2nd October 1950?
Question 13 of 20
In the equation for Targeted Inflation, the tolerance band for developing countries is typically:
Question 14 of 20
Which scenario best represents 'Disinflation'?
Question 15 of 20
What is the effect of inflation on 'Savers' or people with fixed savings?
Question 16 of 20
Which statement correctly describes the 'Wage-Price Spiral' implicitly mentioned in the effects of inflation?
Question 17 of 20
According to the notes, what is the percentage of Rural population covered under NFSA 2013?
Question 18 of 20
Why is Stagflation considered a dilemma for the Central Bank?
Question 19 of 20
Which Ministry is responsible for publishing the Wholesale Price Index (WPI) in India?
Question 20 of 20
Consider the following statements regarding the impact of 'Black Money' on inflation: 1. It reduces the aggregate demand in the economy. 2. It increases the circulation of unaccounted money, leading to Demand-Pull Inflation. Which of the statements given above is/are correct?
More Indian Economy Subtopics
Practice other subtopics under Indian Economy to strengthen your CET 12th Level preparation.