Indian Economy Chapter 16 Mock Test – Inflation (30 MCQs)
KYASC INSTITUTE
Indian Economy Chapter 16 Mock Test
Inflation
Inflation refers to a continuous rise in the general price level of goods and services in an economy over a period of time. When inflation increases, the purchasing power of money decreases. Inflation may be caused by increase in demand, increase in production cost or excess money supply. Central banks like the Reserve Bank of India control inflation through monetary policy tools.
Instructions
- Total Questions: 30
- No Negative Marking
- Select the correct answer
- Click Finish Test to generate certificate