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Chapters
1: Factors of Production
Unit II - Theory of Demand and Supply
2: Elementary Theory of Demand
3: Elasticity of Demand
4: Theory of Supply
Unit III - Market
5: Meaning and Types of Markets
Unit IV - Banking in India
6: Meaning and Functions of Money
7: Commercial Banks
8: Central Bank
9: Introduction to Public Finance
10: Public Revenue
11: Public Expenditure
12: Public Debt
Unit V - Inflation
▶ 13: Inflation
Unit VI - Consumer Awareness
14: Consumer Awareness
![Goyal Brothers Prakashan solutions for इकॉनॉमिक्स [अंग्रेजी] कक्षा १० आईसीएसई chapter 13 - Inflation - Shaalaa.com](/images/economics-english-class-10-icse_6:79542639410243508fde8e322c338fd1.jpg "Goyal Brothers Prakashan solutions for इकॉनॉमिक्स [अंग्रेजी] कक्षा १० आईसीएसई chapter 13 - Inflation")
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Solutions for Chapter 13: Inflation
Below listed, you can find solutions for Chapter 13 of CISCE Goyal Brothers Prakashan for इकॉनॉमिक्स [अंग्रेजी] कक्षा १० आईसीएसई.
Goyal Brothers Prakashan solutions for इकॉनॉमिक्स [अंग्रेजी] कक्षा १० आईसीएसई 13 Inflation Exercise [Pages 241 - 244]
MULTIPLE CHOICE QUESTIONS
Inflation means ______.
A state of high prices
A state of general rise in prices
A state of rise in the value of money
None of these
Identify the incorrect statement from the following:
Inflation is a state in which value of money is falling.
Higher the price level, the lower is the power of money to purchase.
Inflation is always associated with a persistent rise in the prices.
None of these
______ refers to a situation where prices rises very slowly.
Inflation
Cost push inflation
Creeping inflation
Hyper inflation
______ inflation occurs when prices rise at a very fast rate from more than 20% to 100 percent or more per annum.
Creeping inflation
Walking inflation
Running inflation
Hyper inflation
______ is beneficial for growth.
Demand pull inflation
Cost push inflation
Creeping inflation
Running inflation
Identity the correct statement from the following:
Debtors gain during inflation
Creditors lose during inflation
Both Debtors gain during inflation and Creditors lose during inflation.
Neither Debtors gain during inflation and Creditors lose during inflation.
A state where 'too much money chases too few goods' represents ______.
Demand pull inflation
Cost push inflation
Creeping inflation
Inflation
Cost push inflation is the consequence of ______.
increase in aggregate demand for goods and services
rise in costs of production
increase in public expenditure
increase in population
Demand pull inflation may be caused by ______.
increase in excise duty
increase in the price of basic raw, materials
increase in population
None of these
______ are worst affected during the period of inflation.
Debtors
Entrepreneurs
Producers
Fixed income groups
Demand for goods will increase during ______ period.
Inflation/Bonus
Deflation
Depression
Stagnation
______ is the first stage of inflation.
Creeping inflation
Walking inflation
Running inflation
Hyper inflation
WPI stands for ______.
Wholesale Print Index
Wholesale Point Index
Wholesale Price Index
Whole Point Index
When the rate of inflation is between 10%-20% per annum, then it is ______ stage of inflation.
Running
Hyper
Creeping
Slow
When the rate of inflation is between 20 to 100 percent per annum then it is called as ______ inflation.
Running
Walking
Galloping
Mild
Study the relationship in the first pair of words and complete the second pair.
- Creeping inflation: The rate of inflation is 1% to 2% per annum.
- Running inflation: The rate of inflation is ______ per annum.
3% to 6%
20% to 100%
30% to 40%
10% to 20%
Read the following statements-Assertion (A) and Reason (R). Choose one of the correct alternatives given below:
Assertion (A): Inflation measures how quickly the prices of goods and services are rising.
Reason (R): Consumer Price Index and Wholesale Price Index are most commonly used inflation indices.
Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).
Both Assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation of Assertion (A).
Assertion (A) is true but Reason (R) is false.
Assertion (A) is false but Reason (R) is true.
Assertion (A): In creeping inflation, the price level increases very slowly.
Reason (R): In hyper inflation, we expect prices to rise every hour.
Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).
Both Assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation of Assertion (A).
Assertion (A) is true but Reason (R) is false.
Assertion (A) is false but Reason (R) is true.
Assertion (A): As a result of inflation money loses its value.
Reason (R): During inflation, money no longer buys as much as it did it in previous times.
Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).
Both Assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation of Assertion (A).
Assertion (A) is true but Reason (R) is false.
Assertion (A) is false but Reason (R) is true.
Read the following statements carefully and choose one of the correct alternatives given below:
Statement (1): Demand pull inflation occurs when the overall demand for good and services in an economy outpaces the available supply.
Statement (2): Demand pull inflation occurs when the costs of production increase, leading to higher prices for consumers.
Both statements are true.
Both statements are false.
Statement 1 is true but Statement 2 is false.
Statement 2 is true but Statement 1 is false.
Statement (1): Inflation erodes purchasing power of money.
Statement (2): Inflation disproportionately impacts lower-income consumers.
Both statements are true.
Both statements are false.
Statement 1 is true but Statement 2 is false.
Statement 2 is true but Statement 1 is false.
Read the following statements-Assertion (A) and Reason (R). Choose one of the correct alternatives given below:
Assertion (A): Mr. Gupta earns a fixed income every month, but he tends to get adversely affected during inflation.
Reason (R): The prices of goods, services and the cost of living, does not rise in the same proportion as income, during inflation.
Both (A) and (R) are true and (R) is the correct explanation of (A).
Both (A) and (R) are true but (R) is not the correct explanation of (A).
Both (A) and (R) are false.
(A) is false and (R) is true.
Short Answer Type Questions
Define inflation.
What is demand pull inflation?
Define the term demand pull inflation.
What is meant by cost-push inflation?
Give two causes of demand pull inflation.
Explain the following:
Creeping inflation
Why is creeping inflation considered good for an economy?
What is the meaning of creeping inflation?
Distinguish between creeping inflation and running inflation.
Distinguish between running inflation and hyper inflation.
What is cost push inflation?
Give two causes of cost push inflation.
Explain the effect of inflation on the investors.
Explain the effect of inflation on the fixed income groups and borrowers.
How does inflation affect the following?
Farmers
State one favourable impact of inflation on the government.
Why do small farmers suffer during inflation?
Why is creeping inflation considered good for an economy?
What does the food basket mean with reference to inflation?
What does Consumer price index mean?
What is the impact of inflation on wages?
What is the impact of inflation on salaried class people?
'A state of running or hyperinflation in any economy is very harmful for production'. Justify the statement with two reasons.
Long Answer Type Questions
What is demand pull inflation?
Give two causes of demand pull inflation.
What is meant by cost-push inflation?
Give two causes of cost push inflation.
What is inflation?
Explain four causes of inflation.
Distinguish between demand pull inflation and cost push inflation.
What is inflation?
Give two causes of demand pull inflation.
Give two causes of cost push inflation.
Explain the effect of inflation on the investors.
What is meant by cost-push inflation?
Briefly explain three determinants of Cost-push inflation.
How does inflation affect the following?
Fixed income group
How does inflation affect the following?
Producers
Briefly explain two favourable impacts of inflation.
Briefly explain two unfavourable impacts of inflation.
What is inflation?
Explain the inflation impact on the producers.
What is the impact of inflation on salaried class people?
What is meant by the term 'Inflation'?
What is inflation impact on debtors?
What is the meaning of creeping inflation?
Explain the following:
Walking inflation
What is meant by cost-push inflation?
Explain any three causes of cost-push inflation.
Examine any three adverse or evil effects of inflation on production.
What is the meaning of creeping inflation?
Explain any three causes of demand-pull inflation.
Define inflation.
Explain any three causes of cost-push inflation.
Mention one positive impact of inflation on production.
Mention two negative impacts of inflation on production.
Identify the following stages of inflation:
Inflation which is considered safe and essential for economic growth.
Identify the following stage of inflation:
Inflation which is considered as warning signal for the government.
Goyal Brothers Prakashan solutions for इकॉनॉमिक्स [अंग्रेजी] कक्षा १० आईसीएसई 13 Inflation QUESTION BANK [Pages 245 - 246]
What is inflation?
What is the meaning of creeping inflation?
What is meant by running inflation?
What do you understand by hyper inflation?
What is demand pull inflation?
What is cost push inflation?
Give two causes of cost push inflation.
Mention the effect of inflation on the value of money.
Which section of society gains due to inflation? Why?
Which section of the society is worst affected during inflation? Why?
How does inflation affect the following?
Farmers
Why is creeping inflation considered good for an economy?
What is inflation?
Explain four causes of inflation.
What is inflation?
Explain the effects of inflation on the following:
Fixed income groups
Explain the effects of inflation on the following:
Producers
Explain the effects of inflation on the following:
Distribution of income
Explain the impact of inflation on producers in the short run.
How is running or hyper inflation harmful for the economy?
Solutions for 13: Inflation
Goyal Brothers Prakashan solutions for इकॉनॉमिक्स [अंग्रेजी] कक्षा १० आईसीएसई chapter 13 - Inflation
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Further, we at Shaalaa.com provide such solutions so students can prepare for written exams. Goyal Brothers Prakashan textbook solutions can be a core help for self-study and provide excellent self-help guidance for students.
Concepts covered in इकॉनॉमिक्स [अंग्रेजी] कक्षा १० आईसीएसई chapter 13 Inflation are Wholesale Price Index (WPI), Consumer Price Index (CPI), Food Basket, Relationship Between Value of Money and Price Level, Demand Pull Inflation, Cost Push Inflation, Effects of Inflation, Inflation, Types of Inflation.
Using Goyal Brothers Prakashan इकॉनॉमिक्स [अंग्रेजी] कक्षा १० आईसीएसई solutions Inflation exercise by students is an easy way to prepare for the exams, as they involve solutions arranged chapter-wise and also page-wise. The questions involved in Goyal Brothers Prakashan Solutions are essential questions that can be asked in the final exam. Maximum CISCE इकॉनॉमिक्स [अंग्रेजी] कक्षा १० आईसीएसई students prefer Goyal Brothers Prakashan Textbook Solutions to score more in exams.
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