hamburger menu
All Coursesall course arrow
adda247
reward-icon
adda247
    arrow
    arrow
    arrow
    When did the inflation reappear? Read the following passage carefully and answer the given questions. The decade of the 1970s stands out as the
    Question

    When did the inflation reappear?
    Read the following passage carefully and answer the given questions.
    The decade of the 1970s stands out as the most tumultuous period in India in terms of inflationary uncertainty, witnessing very high inflation mainly driven by the supply shocks emanating from agricultural and oil prices. For the first time since independence, inflation overshot the level of 20% in 1973-74 and 1974-75 (25.2%). Reflecting the first overshot of 1973, the import price deflator surged by 43.0% and 72.8% during 1973-74 and 1974-75 respectively. In line with the sharp increase in average international crude oil prices by over 250% in 1974, domestic fuel prices increased sharply from an annual average of about 26.5% on average during the last three years beginning 1973-74. It was plainly observed that similar situations led to reappearance of high inflation in 1979-80.

    A.

    1970-71

    B.

    1973-74

    C.

    1974-75

    D.

    1979-80

    Correct option is B

    The inflation reappear in 1973-74

    Free Tests

    Free
    Must Attempt

    Seating Arrangement 1

    languageIcon English
    • pdpQsnIcon20 Questions
    • pdpsheetsIcon20 Marks
    • timerIcon15 Mins
    languageIcon English
    Free
    Must Attempt

    CBT-1 Full Mock Test 1

    languageIcon English
    • pdpQsnIcon100 Questions
    • pdpsheetsIcon100 Marks
    • timerIcon90 Mins
    languageIcon English
    Free
    Must Attempt

    RRB NTPC UG Level PYP (Held on 7 Aug 2025 S1)

    languageIcon English
    • pdpQsnIcon100 Questions
    • pdpsheetsIcon100 Marks
    • timerIcon90 Mins
    languageIcon English
    test-prime-package

    Access ‘AP HIGH COURT’ Mock Tests with

    • 60000+ Mocks and Previous Year Papers
    • Unlimited Re-Attempts
    • Personalised Report Card
    • 500% Refund on Final Selection
    • Largest Community
    students-icon
    383k+ students have already unlocked exclusive benefits with Test Prime!
    Our Plans
    Monthsup-arrow