Question
Which statement is correct regarding the situation of
Inflation in an Economy?Solution
Inflation reflects a reduction in the purchasing power of money. For example, XYZ Ltd. buys 10 litre of Petrol @ Rs.75 per litre from Indian Oil, thereby spending a total of Rs.750 on petrol. After one month petrol price is increased to Rs.80 per litre. Now, XYZ Ltd would be able to purchase only 9.38 litre petrol from Rs.750/- as against 10 litre petrol from the same Rs.750 one month ago. Hence purchasing power of money (Rs.750) reduced due to inflation. Inflation will always reduce the value of money unless interest rates are higher than inflation.
The 3rd edition of National Youth Parliament Festival (NYPF) was inaugurated in the _____________.
What is the new maximum penalty limit set by RBI for FEMA violations?
_____________ was India’s top trading partner in the calendar year 2021 with a trade of $112.3 billion.
- Who succeeded Klaus Schwab as interim head of the World Economic Forum?
Kunwar Singh, a leader of the 1857 Indian Rebellion, was associated with which Indian state?
Which Indian state unveiled its first AI Policy in January 2025?
When was Rohit Rishi appointed as the Executive Director of Bank of Maharashtra?
Which four organizations will purchase green tugs (battery-electric powered) from Cochin Shipyard as part of the Green Tug Transition Programme (GTTP)?
Consider the following statements about Igla-S:
1. It is a man-portable air defence system (MANPADS):
2. It has an effective range of ...
Who has been appointed as the new CEO of the IT Company Cognizant?
