The Multidimensional Poverty Index used by NITI Aayog includes which dimensions? MCQ with Answer and Explanation

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The Multidimensional Poverty Index used by NITI Aayog includes which dimensions?

A. Health, education and standard of living

B. Agriculture and industry

C. Income and wealth

D. Employment and wages

Answer: Option A

Solution (By JKSSB Mock Tests)

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

This question belongs to: Economy GK Economy Set 1

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Question #1

Disinvestment in a public sector enterprise is classified in the government budget as:

A. transfer payment

B. capital receipt

C. revenue receipt

D. revenue expenditure

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Correct Answer: Option B

Explanation:
Disinvestment proceeds are capital receipts as they arise from sale of assets.

This question belongs to: Economy GK Economy Set 1

Question #2

In the context of economic growth models, the Harrod-Domar model emphasises:

A. Only natural resource endowment

B. The role of savings rate and capital-output ratio in determining growth

C. Only labour force growth

D. Only technological progress

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Correct Answer: Option B

Explanation:
The Harrod-Domar model states that the growth rate of output depends on the savings rate and the capital-output ratio (or the productivity of capital).

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Goods and Services Tax' on yachts and aircraft is:

A. 28% plus cess

B. 12%

C. 5%

D. 18%

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Correct Answer: Option A

Explanation:
Yachts and aircraft attract 28% GST plus cess.

This question belongs to: Economy GK Economy Set 1

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