The headcount ratio of poverty measures: MCQ with Answer and Explanation

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The headcount ratio of poverty measures:

A. the income gap of the poor

B. inequality among the poor

C. the depth of poverty

D. the proportion of the population below the poverty line

Answer: Option D

Solution (By JKSSB Mock Tests)

The headcount ratio measures the proportion of population living below the poverty line.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'SWAYAM' platform is related to:

A. online banking

B. stock trading

C. online courses and MOOCs

D. tax filing

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Correct Answer: Option C

Explanation:
SWAYAM is an online platform offering MOOCs.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Minimum Support Price' is based on which cost concept?

A. C2 cost

B. C3 cost only

C. only paid-out costs

D. A2 + FL cost

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Correct Answer: Option D

Explanation:
MSP is based on A2 plus family labour (FL) cost, though CACP recommends and government can consider C2.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'e-invoicing' under GST is mandatory for businesses with turnover above:

A. Rs 10 crore

B. Rs 1 crore

C. Rs 5 crore

D. Rs 20 crore

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Correct Answer: Option C

Explanation:
E-invoicing is mandatory for businesses above a specified turnover threshold, currently Rs 5 crore.

This question belongs to: Economy GK Economy Set 1

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