Exams › IBPS PO › General Awareness

Who is most affected by inflation?

1. High-income earners
2. Corporate investors
3. Poor, socially unprotected, and pensioners
4. Exporters

Correct answer: Poor, socially unprotected, and pensioners

Solution

Inflation reduces the purchasing power of money. Poor people, those without social security, and pensioners are hit hardest because their incomes are often fixed or insufficient to keep up with rising prices.

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