When too much money is chasing too few goods, the situation is

Today General Knowledge(GK)

inflation

stagflation

deflation

recession

Correct Answer : Option (A) - inflation

Demand-pull inflation is asserted to arise when aggregate demand in an economy outpaces aggregate supply. It involves inflation rising as real gross domestic product rises and unemployment falls, as the economy moves along the Phillips curve. This is commonly described as “too much money chasing too few goods”. More accurately, it should be described as involving “too much money spent chasing too few goods”, since only money that is spent on goods and services can cause inflation.

Published On : July 1, 2021

Category : World Geography

Recent General Knowledge Questions

Q .

Who was recently awarded the title of Grandmaster by the International Chess Federation?

Nihal Sarin

Koneru Humpy

Rameshbabu Praggnanandhaa

Vaishali Ramesh Babu

Correct Answer : Vaishali Ramesh Babu

Indian Chess Prodigy, Vaishali Ramesh Babu who has been awarded the title of Grandmaster by FIDE, the International Chess Federation said India is booming as far as the Chess landscape is concerned.

She also expressed confidence that India will perform well at the upcoming World Championship. Talking exclusively to Akashvani News, she lauded the contribution of Chess legend, Viswanathan Anand in taking Indian Chess to new heights.

While sharing her journey, Vaishali, said that it was due to her father’s decision to keep her away from television that she got enrolled into a Chess academy. She added that her parents have been her big support system.

Vaishali is the third Indian female Grandmaster, joining Koneru Humpy and Harika Dronavalli. Vaishali completed the requisite 2500 ELO points at the Llobregat Open tournament in Spain, last year. However, the title was officially given to her only recently following the FIDE Council meeting during the Candidates Tournament in Toronto last month..

Source : AIR

Published On : May 2, 2024

Category : Sports

Q .

India test fired smart anti-submarine missile developed by whom?

HAL

ISRO

DRDO

None of these

Correct Answer : DRDO

India has successfully test fired Supersonic Missile Assisted Release of Torpedo (SMART) anti-submarine missile system off the Balasore coast of Odisha.

SMART is a next generation missile-based light weight torpedo delivery system. It has been designed and developed by the Defence Research and Development Organisation (DRDO).

Published On : May 2, 2024

Category : Defence

Q .

Which Country to Launch Chang'e-6 Lunar Probe Carrying Pakistan's ICUBE-Q Mission?

China

Russia

Japan

South Korea

Correct Answer : China

Pakistan’s Institute of Space Technology (IST) said on April 30 that the lunar mission iCube-Q will be launched on 3 May 2024 aboard China’s Chang’e 6 lunar probe, according to a report by Dawn.

The satellite was developed by IST in partnership with China’s Shanghai University SJTU and Suparco, which is the national space agency of Pakistan. It carries two optical cameras and will capture images of the Moon’s surface.

The Chinese embassy in Pakistan also confirmed the development and said the Chang’e 6 lunar probe will carry payloads from France, European Space Agency and Pakistan on a round trip.

“Pakistan Space & Upper Atmosphere Research Commission, #SUPARCO’s logo is seen on China’s most powerful rocket #LongMarch5! Together with China’s #ChangE6 lunar probe and payloads from France and #ESA, Pakistan’s CubeSat is ready to go to the moon in just a few days!” the embassy said in a post on X.