Multiple Choice Questions on In 2015 the nominal rate of interest in a country was 8 and the inflation rate then was 2 5 So real ........... for SSC CHSL Preparation

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Multiple Choice Questions

In 2015 the nominal rate of interest in a country was 8 and the inflation rate then was 2 5 So real ...........

General Studies (CHSL) Indian Economy
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    In 2015, the nominal rate of interest in a country was 8% and the inflation rate then was 2.5%. So real rate of interest in 2015 was

    3.2 percent

    Incorrect Answer

    10.5 percent

    Incorrect Answer

    8 percent

    Incorrect Answer

    5.5 percent

    Correct Answer
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    Explanation:

    Nominal Rate of interest = 8% and Inflation Rate = 2.5%

    therefore , 8 - 2.5 =5.5.

    so real rate of interest in 2015 was ,5.5%.

    By: Barka Mirza
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