Which of the following is a component of the Human Development Index?
A. Life expectancy, education and per capita income
B. Only income inequality
C. Only environmental sustainability
D. Gender equality only
Answer: Option A
Solution (By JKSSB Mock Tests)
HDI is a composite index based on three dimensions: a long and healthy life (life expectancy), knowledge (education) and a decent standard of living (GNI per capita).
Explanation:
The credit channel (or financial-accelerator mechanism) stresses that monetary policy affects real activity not only through interest rates but also through changes in the availability and cost of external finance for borrowers.
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