The Gini coefficient value of zero indicates: MCQ with Answer and Explanation

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The Gini coefficient value of zero indicates:

A. high poverty

B. perfect equality of income distribution

C. perfect inequality

D. no unemployment

Answer: Option B

Solution (By JKSSB Mock Tests)

A Gini coefficient of zero indicates perfect equality in income distribution.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

A current account deficit means that:

A. exports of goods and services exceed imports

B. capital inflows exceed outflows

C. imports of goods, services and income exceed exports

D. foreign exchange reserves increase

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Correct Answer: Option C

Explanation:
A current account deficit occurs when imports of goods, services and income exceed exports.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Economic Advisor' who compiles the Economic Survey is under the:

A. NITI Aayog

B. RBI

C. Ministry of Finance

D. Ministry of Statistics

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Correct Answer: Option C

Explanation:
Chief Economic Adviser is under the Department of Economic Affairs, Ministry of Finance.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'World Intellectual Property Organization' is based in:

A. Geneva

B. Vienna

C. New York

D. Paris

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Correct Answer: Option A

Explanation:
WIPO is headquartered in Geneva.

This question belongs to: Economy GK Economy Set 1

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