The Human Development Index is published by: MCQ with Answer and Explanation

Question
The Human Development Index is published by:
A. UNDP
B. WTO
C. World Bank
D. IMF
Answer: Option A
Solution (By JKSSB Mock Tests)
The Human Development Index is published by the United Nations Development Programme.
This question belongs to: Economy GK Economy Set 1
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Practice More Economy Set 1 Questions

Question #1
In the context of production, the law of diminishing returns applies when:
A. At least one factor is fixed and others are variable
B. There are increasing returns to scale
C. Technology is changing continuously
D. All factors are variable
Discuss
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Correct Answer: Option A

Explanation:
The law of diminishing returns (or variable proportions) operates in the short run when one or more factors are fixed and additional units of a variable factor are added.
This question belongs to: Economy GK Economy Set 1
Question #2
Which of the following is a feature of a flexible exchange rate system?
A. Exchange rate is fixed by government decree
B. No role for speculation
C. Exchange rate is determined by market forces of demand and supply of foreign exchange
D. Complete absence of central bank intervention in all cases
Discuss
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Correct Answer: Option C

Explanation:
Under a pure flexible (floating) exchange rate system, the value of the currency is determined by the interaction of demand and supply in the foreign exchange market.
This question belongs to: Economy GK Economy Set 1
Question #3
The 'C2 cost' in agriculture includes A2 plus family labour plus:
A. only seed cost
B. only pesticide cost
C. interest on land and fixed capital
D. only fertilizer cost
Discuss
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Correct Answer: Option C

Explanation:
C2 cost includes A2 plus family labour plus interest on land and fixed capital.
This question belongs to: Economy GK Economy Set 1
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