The 'Multidimensional Poverty Index' uses how many indicators? MCQ with Answer and Explanation

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The 'Multidimensional Poverty Index' uses how many indicators?

A. 12

B. 20

C. 5

D. 10

Answer: Option D

Solution (By JKSSB Mock Tests)

MPI uses 10 indicators across three dimensions.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'International Poverty Line' of the World Bank is currently set at:

A. USD 1.00 per day

B. USD 5.50 per day

C. USD 2.15 per day in 2017 PPP

D. USD 10 per day

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Correct Answer: Option C

Explanation:
The World Bank's international poverty line is USD 2.15 per day in 2017 PPP.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Goods and Services Tax' on ice cream is:

A. 12%

B. 28%

C. 18%

D. 5%

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Correct Answer: Option C

Explanation:
Ice cream attracts 18% GST.

This question belongs to: Economy GK Economy Set 1

Question #3

In the context of the Indian economy, the 'Demographic Dividend' refers to:

A. Increase in the old-age population only

B. Increase in the proportion of dependent population

C. Decline in the total population

D. Economic growth potential from a large working-age population

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Correct Answer: Option D

Explanation:
Demographic dividend arises when a large share of the population is of working age, providing an opportunity for higher economic growth if this workforce is productively employed.

This question belongs to: Economy GK Economy Set 1

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