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

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The headcount ratio of poverty measures:

A. inequality among the poor

B. the depth of poverty

C. the proportion of the population below the poverty line

D. the income gap of the poor

Answer: Option C

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 'Gross National Product' at factor cost equals GDP at factor cost plus:

A. net factor income from abroad

B. subsidies

C. depreciation

D. indirect taxes

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Correct Answer: Option A

Explanation:
GNP at factor cost = GDP at factor cost + net factor income from abroad.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Green Revolution' in India began in the mid:

A. 1960s

B. 1990s

C. 1940s

D. 1980s

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Correct Answer: Option A

Explanation:
The Green Revolution began in India in the mid-1960s.

This question belongs to: Economy GK Economy Set 1

Question #3

Which of the following is a feature of a planned economy?

A. Private ownership of all resources

B. Centralised planning of resource allocation

C. Decentralised decision making

D. Price determination solely by market forces

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Correct Answer: Option B

Explanation:
In a planned (command) economy, the central authority plans and allocates resources according to predetermined objectives rather than market signals.

This question belongs to: Economy GK Economy Set 1

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