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  • Question
  • Galloping inflation is also known as


  • Options
  • A. Hyperinflation
  • B. Jumping inflation
  • C. Moderate inflation
  • D. None

  • Correct Answer
  • Jumping inflation 

    Explanation

    Galloping inflation is also known as jumping inflation.

     

    It refers to a type of inflation that occurs when the prices of goods and services increase at the two-digit or three-digit rate per annum.

  • Tags: Bank Exams, CAT, Analyst, Bank Clerk, Bank PO

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