Economic Awareness - Sectors of Indian Economy
Which of the following groups is least likely to be affected by inflation if their income is fully indexed to inflation?
Which of the following groups is least likely to be affected by inflation if their income is fully indexed to inflation?
hard Q9 of 15
Step-by-Step Solution
Step 1: Understand income indexation
Income fully indexed to inflation adjusts automatically to price changes.Step 2: Identify protected group
Wage earners with cost of living adjustment maintain purchasing power during inflation.Final Answer:
Wage earners with cost of living adjustment → Option CQuick Check:
Income indexation protects against inflation loss ✅
Quick Trick: Indexation preserves real income
Common Mistakes:
- Confusing indexed income with fixed income
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