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

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Which of the following is a component of the Human Development Report of UNDP?

A. Only exchange rate data of one country

B. Human Development Index, Gender Inequality Index and Multidimensional Poverty Index

C. Wholesale Price Index of India only

D. Only domestic fiscal deficit data

Answer: Option B

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 'Goods and Services Tax' on intra-state supply comprises:

A. CGST and SGST/UTGST

B. IGST

C. CGST only

D. SGST only

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Correct Answer: Option A

Explanation:
Intra-state supplies attract both CGST and SGST/UTGST.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'repo rate' in India is the rate at which RBI lends to banks for:

A. short-term funds against government securities

B. long-term capital

C. foreign exchange

D. unsecured overnight loans

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Correct Answer: Option A

Explanation:
Repo rate is the rate at which RBI lends short-term funds to banks against government securities.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Minimum Wages Act' in India was enacted in which year?

A. 1956

B. 1948

C. 1950

D. 1947

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Correct Answer: Option B

Explanation:
The Minimum Wages Act was enacted in 1948.

This question belongs to: Economy GK Economy Set 1

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