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  9. Q17

CGPSC 2013 · Question 17 of 87

Due to inflation

Indian Economy

  1. APrices of goods increase
  2. BThe value of money falls
  3. CThe exchange rate improves
  4. DAbove (A) and (B)Correct
  5. EAbove (A), (B) and (C)

Answer: D. Above (A) and (B)

Explanation

Inflation is a rise in the general price level, which reduces the purchasing power (value) of money.

Source: CGPSC Prelims 2013 GS Paper-I (held 8-6-2014), solved paper

← Q16View full paper (87 questions)Q18 →

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