The 'multidimensional poverty index' considers how many equally weighted dimensions? MCQ with Answer and Explanation

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The 'multidimensional poverty index' considers how many equally weighted dimensions?

A. Three

B. Two

C. Five

D. Ten

Answer: Option A

Solution (By JKSSB Mock Tests)

MPI has three equally weighted dimensions: health, education and standard of living.

This question belongs to: Economy GK Economy Set 1

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Question #1

Bank rate is the rate at which the RBI:

A. lends overnight against SLR securities

B. rediscounts bills and provides long-term funds to banks

C. lends short-term funds against government securities

D. borrows from commercial banks

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Correct Answer: Option B

Explanation:
Bank rate is the rate at which the RBI rediscounts bills and provides longer-term funds.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Debt to GDP ratio' in India is monitored as part of which framework?

A. Exchange rate policy

B. Monetary policy framework

C. FRBM fiscal policy framework

D. Trade policy

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Correct Answer: Option C

Explanation:
Debt to GDP ratio is a key parameter under the FRBM framework.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Goods and Services Tax' on casinos is:

A. 12%

B. 5%

C. 18%

D. 28%

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Correct Answer: Option D

Explanation:
Casino services attract 28% GST.

This question belongs to: Economy GK Economy Set 1

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