Question 11
A consumer basket consists of 2 Apples and 4 Bananas. 2023 (base): Price of Apple = 10, Price of Banana = 5. 2024: Price of Apple = 12, Price of Banana = 6. What is the inflation rate in 2024?
10%
15%
20%
25%
A consumer basket consists of 2 Apples and 4 Bananas. 2023 (base): Price of Apple = 10, Price of Banana = 5. 2024: Price of Apple = 12, Price of Banana = 6. What is the inflation rate in 2024?
10%
15%
20%
25%
Correct answer
20%
Question 11 of 25 in the IIT Madras BS Corporate Finance (Corporate Finance) Quiz 1 paper sat on 15 Mar 2026, in the January 2026 term (Corporate Finance 15 Mar 26). It carries 4 marks.