‘Galloping Inflation’ is also known as
(A) Walking Inflation
(B) Running Inflation
(C) Hyper Inflation
(D) Creeping Inflation
Correct Answer : Hyper Inflation
Question Asked : SSC (10+2) Stenographer Grade ‘C’ & ‘D’ Exam 2016
Explanation : When prices rise between 20% to 100% per annum or even more, it is called galloping or hyperinflation. Such a situation brings a total collapse of the monetary system because of the continuous fall in the purchasing power of money. Galloping inflation has adverse effect on middle and low income groups in the society.
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