Previous year MCQs

UPPSC 2021 GS-I Economy
Question

Given below are two statements one is labelled as Assertion (A) and other as Reason (R) :

Assertion (A) : The government faces a tough time tackling the bottleneck inflation.
Reason (R) : The situation is due to deficiencies existing in the economy such as supply bottleneck and inefficient distribution.

Select the correct answer from the codes given below.
Codes :

Answer & Solution

Answer: (Detailed Solution Below)

Option A: Both (A) and (R) are true and (R) is correct explanation of (A)

Detailed Solution:

The correct answer is “Both (A) and (R) are true and (R) is correct explanation of (A)”.
Bottle neck inflation is the inflation that takes place when supply falls drastically and demand remains at same level.

This creates excess demand in the economy as the supply cannot match with it and thus prices rise.

Such situations arise due to supply-side accidents, hazards or mismanagement.

Similar Questions:

Arrange the following Committees formed for small scale sector in a chronological order and select the correct answer from the codes given below:

I. Nayak Committee
II. Abid Hussain Committee
III. S.S. Kohli Committee
IV. Karve Committee

Codes:
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Select the correct answer using the code given below—
Code -
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2. Services sector
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Codes:
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