The 'Human Development Index' includes indicators of: MCQ with Answer and Explanation

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The 'Human Development Index' includes indicators of:

A. income, environment and defence

B. only education and health

C. only income

D. income, education and health

Answer: Option D

Solution (By JKSSB Mock Tests)

HDI combines per capita income, education and life expectancy indicators.

This question belongs to: Economy GK Economy Set 1

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Question #1

In the context of behavioural economics, 'Anchoring' refers to:

A. The complete independence of judgments from any initial values

B. The tendency for quantitative judgments to be influenced by an initially presented value

C. Only the effect of final outcomes

D. Only the use of rational Bayesian updating

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Correct Answer: Option B

Explanation:
Anchoring is a cognitive bias in which individuals rely too heavily on an initial piece of information (the anchor) when making subsequent judgments.

This question belongs to: Economy GK Economy Set 1

Question #2

The Wholesale Price Index in India measures price movements of:

A. agricultural products only

B. goods only

C. services only

D. goods and services

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Correct Answer: Option B

Explanation:
WPI measures price movements of goods only; it does not include services.

This question belongs to: Economy GK Economy Set 1

Question #3

Which of the following is a characteristic of the 'Green New Deal' type of policy proposals?

A. Only market-based carbon pricing without public investment

B. Large-scale public investment programmes aimed at simultaneously addressing climate change, economic inequality and job creation

C. Only austerity measures

D. Only voluntary private-sector initiatives

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Correct Answer: Option B

Explanation:
Green New Deal proposals typically combine ambitious climate targets with large public investment in clean energy and infrastructure, together with social policies intended to ensure a just transition.

This question belongs to: Economy GK Economy Set 1

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