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Question : Inflation is caused  by

Option 1: Increase in money supply and decrease in production

Option 2: increase in money supply

Option 3: increase in production

Option 4: decrease in prodution


Team Careers360 1st Jan, 2024
Answer (1)
Team Careers360 18th Jan, 2024

Correct Answer: Increase in money supply and decrease in production


Solution : Correct Answer: Increase in money supply and decrease in production

It is an unavoidable phenomenon as an economy grows. When inflation surpasses the typical rate, it is harmful to the economy.Production bottlenecks also result in a lack of supply, which eventually leads to inflation.The government and the RBI take initiatives to keep inflation in check in order to ensure economic stability and growth.

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