Price Rise and Consumer Awareness — Important Questions
Gujarat Board · Class 10 · Social Science
44 important questions from Price Rise and Consumer Awareness for Gujarat Board Class 10 Social Science, with answers. Written for the board exams 2027.
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Important Questions from Price Rise and Consumer Awareness
Which of the following are reasons for price rise in India?
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Increase in monetary supply, Population growth, Black money usage
Increase in monetary supply, population growth, and black money usage all contribute to price rise by increasing demand or money supply without corresponding increase in production.
Price rise is always harmful to economic development.
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False
Price rise along with stability is beneficial for economy as it increases profit, encourages new investment, increases production and employment.
Which measures can the government take to control price rise?
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Monetary measures, Fiscal measures, Public Distribution System, Price regulation
Government uses monetary measures (through RBI), fiscal measures (taxation and expenditure), PDS, and price regulation to control price rise. Increasing government expenditure would actually increase price rise.
World Consumer Day is celebrated on which date?
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March 15
March 15 is observed as World Consumer Day every year, as this was the date when American President John F. Kennedy presented four consumer rights in 1962.
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