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

Question
The Gini coefficient value of zero indicates:
A. perfect equality of income distribution
B. no unemployment
C. high poverty
D. perfect inequality
Answer: Option A
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
The least-cost combination of inputs for a producer occurs where:
A. the isoquant is tangent to the isocost line
B. the isoquant intersects the isocost line at any point
C. total product is maximum
D. marginal cost is zero
Discuss
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Correct Answer: Option A

Explanation:
Producer equilibrium for least cost is achieved at the tangency of an isoquant and isocost line.
This question belongs to: Economy GK Economy Set 1
Question #2
Which of the following is a feature of the 'Portfolio Balance' approach to exchange-rate determination?
A. Only goods-market equilibrium determines the exchange rate
B. Only purchasing-power parity matters
C. Interest rates are irrelevant
D. Exchange rates are determined by the relative supplies of and demands for domestic and foreign assets
Discuss
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Correct Answer: Option D

Explanation:
The portfolio-balance approach treats the exchange rate as the relative price of domestic and foreign assets and emphasises imperfect substitutability among assets denominated in different currencies.
This question belongs to: Economy GK Economy Set 1
Question #3
The 'International Solar Alliance' was launched at which conference?
A. G20 Summit
B. BRICS Summit
C. WTO Ministerial
D. COP21 Paris
Discuss
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Correct Answer: Option D

Explanation:
The International Solar Alliance was launched at the COP21 Paris climate conference in 2015.
This question belongs to: Economy GK Economy Set 1
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