Target Exam

CUET

Subject

General Test

Chapter

General Knowledge

Topic

Economics

Question:

What do you mean by the term "Inflation"?

Options:

Shortage of funds in the economy

Fall in the prices of the commodity in the economy

Rise in the prices of the commodity in the economy

All of the above

Correct Answer:

Rise in the prices of the commodity in the economy

Explanation:

Inflation is a rise in prices of the commodity, which can be seen as the decline of purchasing power over time.