Inflation
Inflation is a Economy concept from the MPSC syllabus, tested in 3 past MPSC questions (2018, 2022). Below are those real questions with their correct answers and explanations, plus the concepts worth being comfortable with first.
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किंमतवाढीस कारणीभूत असणारा पुढीलपैकी कोणता घटक पुरवठाजन्य नाही ? Which of the following is/are not the supply-side factor/s responsible for inflation ?
(a)निर्यातवाढ / Increase in export
(b)साठा / Store
(c)पतनिर्मितीत वाढ / Increase in credit creation
(d)दुष्काळ / Famine
Credit creation (पतनिर्मितीस वाढ) is a demand-side or monetary factor influencing inflation, whereas export growth, stockpiling, and droughts are supply-side factors.
पुढीलपैकी कोणता घटक दारिद्र्यनिर्मितीस कारणीभूत नाही ? Which of the following factors are not responsible for poverty ?
(a)भाववाढ / Inflation
(b)शासकीय खर्चात वाढ / Increase in Government expenditure
(c)तुटीचा अर्थभरणा / Deficit Financing
(d)अल्प बचती व भांडवलनिर्मिती / Short savings and Capital formation
Increase in government expenditure and deficit financing do not directly cause poverty; rather, inflation, low savings, and capital formation are drivers of poverty.
भारतातील भाववाढीत पुरवठा बाजूच्या घटकांचे प्राबल्य असल्याने खालील दीर्घकालीन धोरण उपयुक्त ठरू शकते. (a) बदलती उत्पादन रचना (b) नियोजित आयात धोरण (c) वाहतुकीवर भर (d) नाशवंत वस्तुसाठी साठवण सुविधा वरीलपैकी कोणता पर्याय बरोबर आहे ते ? Given the importance of supply side factors in determination of inflation in India, following long-term policies are likely to help. (a) Changing production patterns (b) Calibrated import policy (c) Focus on transportation (d) Storage infrastructure for perishable commodities Which of the above options is/are correct ?
(a)बदलती उत्पादन रचना / Changing production patterns
(b)नियोजित आयात धोरण / Calibrated import policy
(c)वाहतुकीवर भर / Focus on transportation
(d)नाशवंत वस्तुसाठी साठवण सुविधा / Storage infrastructure for perishable commodities
To combat supply-side inflation in India, long-term structural measures like changing production patterns, calibrated import policies, improving transportation, and building storage infrastructure are all essential.