{"id":94066,"date":"2025-06-01T12:02:52","date_gmt":"2025-06-01T12:02:52","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=94066"},"modified":"2025-06-01T12:02:52","modified_gmt":"2025-06-01T12:02:52","slug":"consider-the-following-statementsthe-major-traits-of-depression-coul","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statementsthe-major-traits-of-depression-coul\/","title":{"rendered":"Consider the following statements:\nThe major traits of depression coul"},"content":{"rendered":"<p>Consider the following statements:<br \/>\nThe major traits of depression could be as given below:<\/p>\n<ul>\n<li>an extremely low aggregate demand in the economy causes activities to decelerate<\/li>\n<li>the inflation being comparatively lower<\/li>\n<li>the employment avenues start shrinking forcing unemployment rate to grow fast<\/li>\n<\/ul>\n<p>Which of the above statements are correct ?<\/p>\n<p>[amp_mcq option1=&#8221;1 and 2 only&#8221; option2=&#8221;2 and 3 only&#8221; option3=&#8221;1 and 3 only&#8221; option4=&#8221;1, 2 and 3&#8243; correct=&#8221;option4&#8243;]<\/p>\n<div class=\"psc-box-pyq-exam-year-detail\">\n<div class=\"pyq-exam\">\n<div class=\"psc-heading\">This question was previously asked in<\/div>\n<div class=\"psc-title line-ellipsis\">UPSC SO-Steno &#8211; 2018<\/div>\n<\/div>\n<div class=\"pyq-exam-psc-buttons\"><a href=\"\/pyq\/pyq-upsc-so-steno-2018.pdf\" target=\"_blank\" class=\"psc-pdf-button\" rel=\"noopener\">Download PDF<\/a><a href=\"\/pyq-upsc-so-steno-2018\" target=\"_blank\" class=\"psc-attempt-button\" rel=\"noopener\">Attempt Online<\/a><\/div>\n<\/div>\n<section id=\"pyq-correct-answer\">\nStatements 1, 2, and 3 are all correct descriptions of major traits of an economic depression.<br \/>\n<\/section>\n<section id=\"pyq-key-points\">\nAn economic depression is characterized by a severe and prolonged decline in economic activity. This involves: 1. A significant drop in aggregate demand, leading to reduced spending and production (deceleration of activities). 2. Low inflation or deflation (falling prices) due to the collapse in demand and economic stagnation. 3. A sharp increase in unemployment as businesses fail and production slows down, leading to widespread job losses.<br \/>\n<\/section>\n<section id=\"pyq-additional-information\">\nA depression is a more severe form of a recession. Key indicators include substantial declines in GDP, high unemployment rates, and often deflation.<br \/>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>Consider the following statements: The major traits of depression could be as given below: an extremely low aggregate demand in the economy causes activities to decelerate the inflation being comparatively lower the employment avenues start shrinking forcing unemployment rate to grow fast Which of the above statements are correct ? [amp_mcq option1=&#8221;1 and 2 only&#8221; &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Consider the following statements:\nThe major traits of depression coul\" class=\"read-more button\" href=\"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statementsthe-major-traits-of-depression-coul\/#more-94066\">Detailed Solution<span class=\"screen-reader-text\">Consider the following statements:<br \/>\nThe major traits of depression coul<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1095],"tags":[1114,1120,1261],"class_list":["post-94066","post","type-post","status-publish","format-standard","hentry","category-upsc-so-steno","tag-1114","tag-economic-development","tag-nature-of-indian-economy","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Consider the following statements: The major traits of depression coul<\/title>\n<meta name=\"description\" content=\"Statements 1, 2, and 3 are all correct descriptions of major traits of an economic depression. An economic depression is characterized by a severe and prolonged decline in economic activity. This involves: 1. A significant drop in aggregate demand, leading to reduced spending and production (deceleration of activities). 2. Low inflation or deflation (falling prices) due to the collapse in demand and economic stagnation. 3. 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Low inflation or deflation (falling prices) due to the collapse in demand and economic stagnation. 3. 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An economic depression is characterized by a severe and prolonged decline in economic activity. This involves: 1. A significant drop in aggregate demand, leading to reduced spending and production (deceleration of activities). 2. Low inflation or deflation (falling prices) due to the collapse in demand and economic stagnation. 3. A sharp increase in unemployment as businesses fail and production slows down, leading to widespread job losses.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statementsthe-major-traits-of-depression-coul\/","og_locale":"en_US","og_type":"article","og_title":"Consider the following statements: The major traits of depression coul","og_description":"Statements 1, 2, and 3 are all correct descriptions of major traits of an economic depression. An economic depression is characterized by a severe and prolonged decline in economic activity. This involves: 1. A significant drop in aggregate demand, leading to reduced spending and production (deceleration of activities). 2. Low inflation or deflation (falling prices) due to the collapse in demand and economic stagnation. 3. A sharp increase in unemployment as businesses fail and production slows down, leading to widespread job losses.","og_url":"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statementsthe-major-traits-of-depression-coul\/","og_site_name":"MCQ and Quiz for Exams","article_published_time":"2025-06-01T12:02:52+00:00","author":"rawan239","twitter_card":"summary_large_image","twitter_misc":{"Written by":"rawan239","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statementsthe-major-traits-of-depression-coul\/","url":"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statementsthe-major-traits-of-depression-coul\/","name":"Consider the following statements: The major traits of depression coul","isPartOf":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#website"},"datePublished":"2025-06-01T12:02:52+00:00","dateModified":"2025-06-01T12:02:52+00:00","author":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209"},"description":"Statements 1, 2, and 3 are all correct descriptions of major traits of an economic depression. An economic depression is characterized by a severe and prolonged decline in economic activity. This involves: 1. A significant drop in aggregate demand, leading to reduced spending and production (deceleration of activities). 2. Low inflation or deflation (falling prices) due to the collapse in demand and economic stagnation. 3. 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