Sports GK Questions and Answers 2024 (Latest Updated)

Awards & Honours GK Questions 2024 (Latest Updated)

Question

Which among the following is NOT correct?

A During inflation lenders suffer and borrowers benefit out’
B Rising inflation indicates rising aggregate demand and indicates comparatively lower supply and higher purchasing capacity among the consumers’
C With rising inflation the currency of the economy depreciates provided it follows the flexible currency regime.
D Inflation decreases the nominal (face) value of the wages while the real value increases.

Answer & Explanation

Answer: Inflation decreases the nominal (face) value of the wages while the real value increases.

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