Economic Awareness - Sectors of Indian Economy
Which of the following wage earners is least affected by inflation?
Which of the following wage earners is least affected by inflation?
medium Q15 of 15
Step-by-Step Solution
Step 1: Identify wage earners' income adjustment
Wage earners with cost of living adjustment (COLA) have wages linked to inflation.Step 2: Analyze inflation impact
COLA helps maintain purchasing power, making these wage earners least affected by inflation.Final Answer:
Wage earners with cost of living adjustment → Option AQuick Check:
Indexed wages protect purchasing power during inflation ✅
Quick Trick: COLA protects wages from inflation erosion
Common Mistakes:
- Assuming all wage earners lose equally during inflation
Master "Sectors of Indian Economy" in Economic Awareness
Start learning the concept with an interactive lesson.
Want More Practice?
15+ quiz questions · All difficulty levels · Free
Free Signup - Practice All QuestionsMore Economic Awareness Quizzes