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What's your inflation quotient?

July 22, 2008
Text: Prasanna D Zore

While the rate of inflation is already into double digits in India riding on top of spiralling crude prices here's a quiz that takes you through different types of inflation, how it is measured in India and how it affects ordinary Indians like you and me.

1. What does inflation mean?

A general rise in the price of food grains
A general rise in the level of prices

Photograph: MANAN VATSYAYANA/AFP/Getty Images

Disclaimer: This quiz is designed only for educative purpose. The options offered in this quiz, though true, are simplified and may not conform exactly with all the economic concepts.

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