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

Question
Which of the following is a component of the Human Development Report of UNDP?
A. Wholesale Price Index of India only
B. Only domestic fiscal deficit data
C. Human Development Index, Gender Inequality Index and Multidimensional Poverty Index
D. Only exchange rate data of one country
Answer: Option C
Solution (By JKSSB Mock Tests)
The Human Development Report publishes a range of indices including HDI, GII, MPI and other measures of human progress and deprivation.
This question belongs to: Economy GK Economy Set 1
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Question #1
The 'non-plan expenditure' and 'plan expenditure' classification in the budget was removed from which financial year?
A. 2018-19
B. 2017-18
C. 2015-16
D. 2020-21
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Correct Answer: Option B

Explanation:
The plan/non-plan expenditure classification was removed from the 2017-18 budget.
This question belongs to: Economy GK Economy Set 1
Question #2
The term 'Base Year' in the context of national income statistics is important because:
A. It is used to calculate real GDP by providing constant prices
B. It determines the fiscal deficit
C. It fixes the exchange rate
D. It determines the tax rates
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Correct Answer: Option A

Explanation:
The base year provides the constant price structure used to calculate real (inflation-adjusted) GDP and other national income aggregates, enabling comparison over time.
This question belongs to: Economy GK Economy Set 1
Question #3
Which of the following is a capital receipt in the government budget?
A. Interest receipts
B. Tax revenue
C. Borrowings
D. Dividends from public sector enterprises
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Correct Answer: Option C

Explanation:
Capital receipts create liability or reduce assets. Borrowings create a liability for the government and are therefore capital receipts. Tax revenue, interest receipts and dividends are revenue receipts.
This question belongs to: Economy GK Economy Set 1
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