The Gini coefficient measures: MCQ with Answer and Explanation

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The Gini coefficient measures:

A. unemployment

B. inflation

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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Which institution primarily provides short-term financial assistance to countries facing balance of payments problems?

A. IMF

B. World Bank

C. WTO

D. ADB

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Correct Answer: Option A

Explanation:
The IMF provides short-term financial assistance to countries with balance of payments problems.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'Pigou effect' suggests that falling prices:

A. reduce money supply

B. increase unemployment

C. increase real wealth and consumption

D. reduce real wealth

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Correct Answer: Option C

Explanation:
The Pigou effect states that lower prices raise real wealth and stimulate consumption.

This question belongs to: Economy GK Economy Set 1

Question #3

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Which of the following is a feature of the 'Uncovered Interest Parity' condition?

A. Interest rates are always equal

B. Only covered arbitrage matters

C. The interest differential equals the expected change in the exchange rate

D. The interest differential equals the forward premium

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Correct Answer: Option C

Explanation:
Uncovered interest parity states that the interest rate differential between two currencies equals the expected rate of depreciation of the high-interest currency.

This question belongs to: Economy GK Economy Set 1

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