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.
Which of the following ministry commenced the Socio Economic and Caste Census (SECC) 2011?
Which of the following categories of farmers are NOT eligible for PM-KISAN benefits?
Statement 1: PM-SYM scheme is intended for unorganized sector workers with monthly incomes up to ₹15,000.
What is the primary objective of the 'Prime Minister's Scholarship Scheme (PMSS)'?
Consider following statements regarding National Green Tribunal.
1. The Tribunal shall not be bound by the procedure laid down und...
In the event of non-supply of food grains, how the Government compensate the beneficiaries under the NFSA?
Which of the following is/are the objectives of DAY-NRLM?
Which of the following is a potential benefit of the Health Facility Registry under the ABDM?
Under the PM-SYM scheme, what is the maximum monthly pension that a subscriber can receive after the age of 60?
Which of the following Statements about the Government Securities is/are True?
I- They are less likely to be defaulted, as backed by the Sover...