SSC Economics Sample Paper NCERT Sample Paper-4

  • question_answer
    Which of the following classes of people is/are generally benefited by inflation?
    1. Creditors
    2. Exporters
    3. Fixed income group
    4. Bond holders
    5. Pensioners
    Select the correct answer using the codes given below:

    A)  1, 2 and 3 only

    B)  4 and 5 only

    C)  2 only 

    D)  None of the above

    Correct Answer: C

    Solution :

    [c] Inflation redistributes wealth from creditors to debtors i.e. lenders suffer and borrowers benefit out of inflation. Bond holders are people has lend money (to debtor) and received bond in return. So he is lender, he suffers. Fixed income group and pensioners are on the same boat and suffers.

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