KPSC KAS 2017 · Question 46 of 200

Which one among the following is an appropriate description of deflation ?

Indian Economy

AIt is a sudden fall in the value of a currency against other popular currencies of the world.
BIt is a persistent recession in the economy for some considerable time period.
CIt is a persistent fall in the general price level of goods and services.Correct
DIt is fall in the rate of inflation over a period of time.

Answer: C. It is a persistent fall in the general price level of goods and services.

Deflation is a persistent fall in the general price level of goods and services (the opposite of inflation).

Source: KPSC Gazetted Probationers Prelims 2017, Paper-I (General Studies, subject code 261), Series A

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KPSC KAS 2017 · Question 46 of 200

Indian Economy

AIt is a sudden fall in the value of a currency against other popular currencies of the world.
BIt is a persistent recession in the economy for some considerable time period.
CIt is a persistent fall in the general price level of goods and services.Correct
DIt is fall in the rate of inflation over a period of time.

Deflation is a persistent fall in the general price level of goods and services (the opposite of inflation).

Source: KPSC Gazetted Probationers Prelims 2017, Paper-I (General Studies, subject code 261), Series A

Practice the full KPSC KAS 2017 paper

Timed test with all 200 questions, just like the real exam.