Solved UPSC CDS/OTA Question
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Q · InflationMedium · 45s
Which of the following can be an effect of hyperinflation? 1. Currency losing its value rapidly 2. Increase in real income 3. Erosion of savings Select the correct answer:
TopicInflation
Question Typemultiple choice
DifficultyMedium
Marking+1 / −0.33
Test Duration30 min
Step-by-Step Solution
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Hyperinflation erodes currency value and savings. Real income usually declines, not increases.
Final Answer: Option C - 1 and 3 only