Question
EconomyMoney, RBI and InflationInflation, Price Indices and Price StabilityMedium
Question details
- Type:
- Statement based
- Skill:
- Concept understanding
- Tags:
- Inflation, Price Indices and Price Stability
- Related topics:
- Farm Supply Chains, Price Discovery and Market Intelligence
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India has experienced persistent and high food inflation in the recent past. What could be the reasons? 1. Due to a gradual switchover to the cultivation of commercial crops, the area under the cultivation of food grains has steadily decreased in the last five years by about 30%. 2. As a consequence of increasing incomes, the consumption patterns of the people have undergone a significant change. 3. The food supply chain has structural constraints. Which of the statements given above are correct?
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Question 4 · Inflation, Price Indices and Price Stability · Economy · UPSC Prelims 2011 (GS)