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Prices rose 23 per cent in 1973 and again sharply in 1974. By how much did they rise in 1974?
A30 per cent
B10 per cent
C50 per cent
D80 per cent
Answer & Solution
Correct answer: A. 30 per cent
1. The Bangladesh crisis and oil prices strained the economy.
2. Inflation hit 23 per cent in 1973 and 30 per cent in 1974.
3. Monsoons failed in 1972-73 too.
_Source: NCERT Class 12 Political Science, Politics in India since Independence, Chapter 6, The Crisis of Democratic Order._
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