Price Rise and Consumer Awareness
Gujarat Board · Class 10 · Social Science
Practice quiz for Price Rise and Consumer Awareness — Gujarat Board Class 10 Social Science. MCQs and questions with answers to test your preparation.
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What is price rise called when it occurs continuously at high rates with inadequate increase in production?
What is the current population growth rate mentioned in India?
Which bank controls money circulation in the Indian economy?
When was the Consumer Protection Act passed in India?
Sample Questions
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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