Which of the following is NOT a measure of economic inequality? MCQ with Answer and Explanation

Which of the following is NOT a measure of economic inequality?
A. Gini coefficient
B. Lorenz curve
C. Human Development Index as a pure inequality measure
D. Theil index
Answer: Option C
Solution (By JKSSB Mock Tests)
HDI is a composite measure of development (health, education, income). Gini coefficient, Lorenz curve and Theil index are specific measures of inequality.

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Practice More Economy Set 1 Questions

Question #1
The 'Mercosur' is a trading bloc in:
A. Europe
B. Africa
C. South America
D. Asia

Correct Answer: Option C


Explanation:
Mercosur is a South American trading bloc including Argentina, Brazil, Paraguay and Uruguay.

This question belongs to: Economy GK Economy Set 1
Question #2
The 'Phillips curve' in the long run is generally considered to be:
A. downward sloping
B. horizontal
C. upward sloping
D. vertical at the natural rate of unemployment

Correct Answer: Option D


Explanation:
The long-run Phillips curve is vertical, implying no permanent trade-off between inflation and unemployment.

This question belongs to: Economy GK Economy Set 1
Question #3
The 'Human Development Index' was introduced by:
A. UNESCO
B. IMF
C. World Bank
D. UNDP in 1990

Correct Answer: Option D


Explanation:
The Human Development Index was introduced by UNDP in 1990.

This question belongs to: Economy GK Economy Set 1