UPSC Principle and Vice Principle GK/GS Basic Economic Concepts and Structure of the Indian Economy Part - 2

Which of the following correctly refers to Inflation refers to a sustained rise in the?

Type: MCQ • Marks: 1

A. Tax revenue only

B. General price level

C. Unemployment rate only

D. Exchange reserves only

Explanation

Inflation is a sustained increase in the general price level.

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UPSC Principal & Vice Principal GK/GS

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