Which of the following is a feature of the 'Multidimensional Poverty Index'? MCQ with Answer and Explanation

Which of the following is a feature of the 'Multidimensional Poverty Index'?
A. It is based only on national accounts data
B. It measures only income poverty
C. It measures only inequality
D. It captures deprivations in health, education and living standards at the household level
Answer: Option D
Solution (By JKSSB Mock Tests)
The Multidimensional Poverty Index identifies multiple overlapping deprivations suffered by households in the domains of health, education and living standards, providing a more comprehensive picture of poverty than income alone.

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Practice More Economy Set 1 Questions

Question #1
The primary market deals with:
A. trading of existing shares
B. new issue of securities
C. only government bonds
D. foreign currency

Correct Answer: Option B


Explanation:
The primary market deals with the issuance of new securities.

This question belongs to: Economy GK Economy Set 1
Question #2
The 'NEFT' settlement in India has been made available on a:
A. batch basis only on weekdays
B. monthly basis
C. 24x7 basis since December 2019
D. only at branches

Correct Answer: Option C


Explanation:
NEFT is available 24x7 since December 2019.

This question belongs to: Economy GK Economy Set 1
Question #3
The Insolvency and Bankruptcy Code was enacted in which year?
A. 2015
B. 2019
C. 2013
D. 2016

Correct Answer: Option D


Explanation:
The Insolvency and Bankruptcy Code was enacted in 2016.

This question belongs to: Economy GK Economy Set 1