Which of the following is NOT a component of the Human Development Report published by UNDP? MCQ with Answer and Explanation

Which of the following is NOT a component of the Human Development Report published by UNDP?
A. Wholesale Price Index of India
B. Multidimensional Poverty Index
C. Human Development Index
D. Gender Inequality Index
Answer: Option A
Solution (By JKSSB Mock Tests)
The Wholesale Price Index is an Indian domestic price index. The Human Development Report includes HDI, GII, MPI and other development-related indices.

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Practice More Economy Set 1 Questions

Question #1
The term 'Open Market Operations' are conducted by the RBI to:
A. Determine tax rates
B. Manage liquidity and influence short-term interest rates
C. Regulate the stock market directly
D. Fix the long-term fiscal deficit target

Correct Answer: Option B


Explanation:
Open Market Operations involve the buying and selling of government securities by the RBI to inject or absorb liquidity and thereby influence money market interest rates.

This question belongs to: Economy GK Economy Set 1
Question #2
The concept of 'Liquidity Trap' is most relevant when:
A. The economy is at full employment with high inflation
B. Money demand is interest-inelastic
C. Interest rates are very high
D. Nominal interest rates are close to zero and money demand is perfectly elastic

Correct Answer: Option D


Explanation:
In a liquidity trap, the nominal interest rate is at or near zero and further increases in the money supply are absorbed entirely as idle balances, rendering conventional monetary policy ineffective.

This question belongs to: Economy GK Economy Set 1
Question #3
The concept of 'Stranded Assets' in the energy transition refers to:
A. Only newly created green assets
B. Assets that suffer unanticipated write-downs or devaluations because of climate-related risks and the shift to a low-carbon economy
C. Only fully depreciated assets
D. Only financial assets unrelated to the real economy

Correct Answer: Option B


Explanation:
Stranded assets are those that lose economic value prematurely as a result of changes associated with the energy transition, such as policy shifts, technological change or shifts in demand away from fossil fuels.

This question belongs to: Economy GK Economy Set 1