n NISM Certifications
NSM General NISM
Medium

What does the term inflation refer to?

Practice question from IC 38 Mock Test 1 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    A decline in the overall price level of goods and services

  2. An increase in the general price level of goods and services over time

    Correct answer

  3. C

    A rise in the purchasing power of money

  4. D

    A fall in the value of money over time

A full explanation for this question is being written. In the meantime, the correct answer is highlighted above.

Test yourself for real

Take a full General NISM mock test.

Same duration, same weighting, same difficulty distribution as the real exam — with explanations on every question.