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 measures only inequality
B. It is based only on national accounts data
C. It captures deprivations in health, education and living standards at the household level
D. It measures only income poverty
Answer: Option C
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 'RBI's Annual Report' is published by:
A. National Statistical Office
B. Ministry of Finance
C. Reserve Bank of India
D. NITI Aayog

Correct Answer: Option C


Explanation:
The RBI publishes its Annual Report.

This question belongs to: Economy GK Economy Set 1
Question #2
The 'Goods and Services Tax' rate on cement is:
A. 5%
B. 18%
C. 28%
D. 12%

Correct Answer: Option C


Explanation:
Cement attracts 28% GST.

This question belongs to: Economy GK Economy Set 1
Question #3
The 'Reserve Bank of India' was established on:
A. 1 April 1935
B. 1 July 1934
C. 1 January 1935
D. 1 April 1934

Correct Answer: Option A


Explanation:
The RBI was established on 1 April 1935.

This question belongs to: Economy GK Economy Set 1