Question
Which of the following best describes a general rise in
the prices?Solution
Inflation is the general increase in the prices of goods and services in an economy over time. When inflation occurs, the purchasing power of a currency decreases, which means that the same amount of money can buy fewer goods and services than before. Inflation can be caused by a variety of factors, including an increase in demand for goods and services, a decrease in supply of goods and services, or an increase in the cost of production.
What is the primary purpose of the IndiaAI Mission’s proposed inter-ministerial committee?
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Which new category has been introduced under the Pradhan Mantri Mudra Yojana to cover loans between ₹10 lakh and ₹20 lakh?
Recently Who has been awarded World Food Prize 2022?
Which chain of hospitals has received approval from the Insurance Regulatory and Development Authority of India (IRDAI) to launch a health insurance bus...
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When is Indian Navy Day traditionally celebrated each year?
Which new system has the Indian Army launched to enhance generator tracking and protection?
The Ahmedabad Police Command and Control Centre uses which technology for enhanced surveillance?
_______ has developed the country's first smartphone-based e-voting solution.