The 'Multidimensional Poverty Index' was developed by: MCQ with Answer and Explanation

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The 'Multidimensional Poverty Index' was developed by:

A. IMF

B. World Bank

C. UNESCO

D. UNDP and Oxford Poverty and Human Development Initiative

Answer: Option D

Solution (By JKSSB Mock Tests)

MPI was developed by UNDP and the Oxford Poverty and Human Development Initiative.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

A proportional tax is one where:

A. the tax rate rises with income

B. the tax rate falls with income

C. only high incomes are taxed

D. the average tax rate is constant across income levels

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Correct Answer: Option D

Explanation:
A proportional tax applies the same tax rate to all income levels.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Employees' Provident Fund' contribution is deposited by:

A. employee only

B. employer only

C. government only

D. both employer and employee

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Correct Answer: Option D

Explanation:
EPF contribution is made by both employer and employee.

This question belongs to: Economy GK Economy Set 1

Question #3

Which of the following is a feature of 'Nudge' theory in behavioural public policy?

A. The use of mandates and bans only

B. The use of choice architecture to steer people toward better decisions without restricting their freedom of choice

C. The complete rejection of any behavioural interventions

D. Only financial incentives

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Correct Answer: Option B

Explanation:
A nudge is any aspect of choice architecture that alters people’s behaviour in a predictable way without forbidding any options or significantly changing economic incentives, as popularised by Thaler and Sunstein.

This question belongs to: Economy GK Economy Set 1

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