In the context of measuring progress beyond GDP, the 'Human Development Index' combines indicators of: MCQ with Answer and Explanation

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In the context of measuring progress beyond GDP, the 'Human Development Index' combines indicators of:

A. Only environmental sustainability

B. Only subjective well-being

C. Life expectancy, education and per capita income

D. Only income and inequality

Answer: Option C

Solution (By JKSSB Mock Tests)

The Human Development Index is a composite index of three basic dimensions of human development: a long and healthy life (life expectancy), knowledge (education) and a decent standard of living (GNI per capita).

This question belongs to: Economy GK Economy Set 1

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Question #1

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The 'National Investment and Manufacturing Zones' are part of which policy?

A. Startup India

B. Skill India

C. Digital India

D. National Manufacturing Policy

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Correct Answer: Option D

Explanation:
National Investment and Manufacturing Zones are part of the National Manufacturing Policy.

This question belongs to: Economy GK Economy Set 1

Question #2

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The concept of 'Effective Demand' was introduced by:

A. Supply-side economists

B. John Maynard Keynes

C. Classical economists

D. Monetarists

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Correct Answer: Option B

Explanation:
Keynes introduced the concept of effective demand, which is the level of aggregate demand that is equal to aggregate supply and determines the level of employment and output.

This question belongs to: Economy GK Economy Set 1