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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The 'Planning Commission' formulated how many Five Year Plans before being dissolved?

A. 12

B. 10

C. 13

D. 11

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Correct Answer: Option A

Explanation:
India had 12 Five Year Plans formulated by the Planning Commission.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Atal Incubation Centre' scheme supports:

A. foreign companies

B. government departments

C. large industries

D. startups and entrepreneurs

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Correct Answer: Option D

Explanation:
Atal Incubation Centres support startups and entrepreneurs.

This question belongs to: Economy GK Economy Set 1

Question #3

A regressive tax is one where:

A. there is no tax on income

B. the tax burden falls more heavily on lower income groups

C. the tax rate is constant

D. the tax rate rises as income rises

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Correct Answer: Option B

Explanation:
A regressive tax takes a larger percentage of income from low-income earners.

This question belongs to: Economy GK Economy Set 1

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