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Rising prices of commdities have became a source of great concern to the Indian economists at present time. It has caused great hardship to all section of our society, particluarly fixed income groups, like salaried presons, wage earners and pensioners, have been feeling the maximum pinch. They have no means to supplement their income and no saving to fall back upon the economic uncertainty of their futur. This also breeds social unrest and causes tension and confict between the have and the have-nots. There are other adverse effects of price rise too. Inflation induces businessmen to invest their money in non-productive assest like gold and land. Their real worth is not affected by rising prices. High prices also adversely affect the exports of the country and distort the balance of foregin trade. What should be the course of action to check rising prices?A. Accelerating productionB. Checking investment in non -prductive assetsC. Control on inflation and keep eye on erring bussinessmenD. Effective distrution system

Answer» Correct Answer - C


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