The Gini coefficient measures: MCQ with Answer and Explanation

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The Gini coefficient measures:

A. inflation

B. unemployment

C. income inequality

D. poverty

Answer: Option C

Solution (By JKSSB Mock Tests)

The Gini coefficient measures income inequality.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The 'National Housing Bank' is a subsidiary of:

A. Reserve Bank of India

B. SEBI

C. NABARD

D. SIDBI

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Correct Answer: Option A

Explanation:
The National Housing Bank is a wholly owned subsidiary of the RBI.

This question belongs to: Economy GK Economy Set 1

Question #2

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Which of the following is a characteristic of oligopoly?

A. Perfect information and no barriers

B. Large number of independent sellers

C. Interdependence among firms

D. Homogeneous product with free entry

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Correct Answer: Option C

Explanation:
Oligopoly is characterised by a few firms that are interdependent in their decision-making, as the actions of one firm affect the others.

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'disinflation' refers to:

A. an increase in inflation

B. a decrease in the rate of inflation

C. a fall in GDP

D. a fall in the price level

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Correct Answer: Option B

Explanation:
Disinflation is a slowdown in the rate of inflation.

This question belongs to: Economy GK Economy Set 1

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