Which of the following is a component of the Human Development Index? MCQ with Answer and Explanation

Which of the following is a component of the Human Development Index?
A. Life expectancy, education and per capita income
B. Only environmental sustainability
C. Only income inequality
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).

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Practice More Economy Set 1 Questions

Question #1
Which of the following is a feature of the 'Care Economy' agenda?
A. Recognition of the economic and social value of paid and unpaid care work and policies to support its provision and quality
B. Only the privatisation of all care services
C. Only the reduction of public support for care
D. Only the neglect of care work as non-economic

Correct Answer: Option A


Explanation:
The care-economy agenda highlights the central role of care work—both paid and unpaid—in sustaining societies and economies, and advocates policies that recognise, reduce and redistribute care responsibilities more equitably.

This question belongs to: Economy GK Economy Set 1
Question #2
The 'Goods and Services Tax Network' was created as a:
A. special purpose vehicle
B. statutory body
C. constitutional body
D. government department

Correct Answer: Option A


Explanation:
GSTN was created as a special purpose vehicle to provide IT infrastructure for GST.

This question belongs to: Economy GK Economy Set 1
Question #3
The 'Goods and Services Tax' on tractors is:
A. 12%
B. 28%
C. 18%
D. 5%

Correct Answer: Option A


Explanation:
Tractors attract 12% GST.

This question belongs to: Economy GK Economy Set 1