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. Ten

B. Three

C. Two

D. Five

Answer: Option B

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

In the context of urban economics, 'Agglomeration Economies' refer to:

A. The costs of congestion only

B. The productivity benefits that firms and workers derive from locating in close proximity to one another

C. The complete absence of any spatial effects

D. Only the disadvantages of density

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Correct Answer: Option B

Explanation:
Agglomeration economies are the benefits—knowledge spillovers, labour-market pooling, input sharing—that arise when economic activity is concentrated in space, helping to explain the existence and growth of cities.

This question belongs to: Economy GK Economy Set 1

Question #2

Microfinance institutions primarily provide:

A. export finance

B. small collateral-free loans to low-income households

C. large corporate loans

D. infrastructure finance

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Correct Answer: Option B

Explanation:
Microfinance institutions provide small collateral-free loans to low-income clients.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'labour force participation rate' in India is higher in which age group?

A. 15-29

B. 0-14

C. 30-59

D. 60+

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Correct Answer: Option C

Explanation:
Labour force participation is generally higher in the 30-59 age group.

This question belongs to: Economy GK Economy Set 1

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