Inflation | MCQs

Explanation

Inflation Defined:

Inflation is the sustained increase in general price levels, reducing purchasing power.

Impact on Pakistan:

Rising Costs: Essential goods (food, fuel) become more expensive, straining households.

Economic Strain: Businesses face higher input costs, leading to slower growth and unemployment.

Currency Depreciation: High inflation often weakens the rupee, worsening imports.

Explanation

Inflate means to fill with air or gas, causing expansion.

Deflate means to release air and cause it to shrink.

Inflate means ہوا یا گیس سے بھرنے کے لئے ، توسیع کا سبب بنتا ہے

Deflate means ہوا کو جاری کرنے اور اسے سکڑنے کا سبب بنانا

Explanation

This system record and monitor prices of essential commodities in 17 major cities.

The DSSI will monitor the performance of deputy commissioners (DC) in these cities in terms of implementation of their price lists commonly known as DC rates of essential food items.

Explanation

The cost of living is the amount a person needs to spend to cover basic expenses such as housing, food, taxes, and healthcare in a particular place.

Explanation

Under the Rs120 billion subsidy programme, eligible families will be able to purchase ghee, wheat flour and pulses at 30 per cent lower prices for the next six months.

Explanation

According to Pakistan Bureau of Statistics (PBS), inflation rises to 9 percent in September from 8.2 percent in August.

This data was released on October 7, 2020.