Which of the following is used to measure multidimensional poverty? MCQ with Answer and Explanation

Question
Which of the following is used to measure multidimensional poverty?
A. Gini coefficient
B. Multidimensional Poverty Index (MPI)
C. Headcount ratio based only on income
D. Lorenz curve
Answer: Option B
Solution (By JKSSB Mock Tests)
The Multidimensional Poverty Index, developed by UNDP and OPHI, captures deprivations in health, education and living standards beyond income poverty.
This question belongs to: Economy GK Economy Set 1
Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Economy Set 1 Questions

Question #1
The 'Most Favoured Nation' tariff treatment under WTO requires countries to:
A. ban imports
B. impose zero tariffs on all goods
C. give special preferences to neighbours
D. extend the same trade advantages to all WTO members
Discuss
Get Complete Subject PDF for Economy GK

Correct Answer: Option D

Explanation:
MFN requires non-discriminatory treatment among all WTO members.
This question belongs to: Economy GK Economy Set 1
Question #2
The 'balanced growth theory' emphasizes simultaneous investment in:
A. one sector only
B. multiple sectors to create demand
C. agriculture only
D. banking only
Discuss
Get Complete Subject PDF for Economy GK

Correct Answer: Option B

Explanation:
Balanced growth advocates simultaneous investment in mutually supporting sectors.
This question belongs to: Economy GK Economy Set 1
Question #3
Which of the following is a characteristic of the informal sector in developing economies?
A. High degree of regulation
B. High capital intensity and formal contracts
C. Complete absence of employment
D. Easy entry, small scale and labour intensity
Discuss
Get Complete Subject PDF for Economy GK

Correct Answer: Option D

Explanation:
The informal sector is characterised by easy entry, small-scale operations, labour-intensive technology, lack of formal contracts and limited regulation.
This question belongs to: Economy GK Economy Set 1
Explore All Economy Set 1 MCQs
Today's Top Topics
Economy Set 1 2220
Explore Subjects
Geography GK 6121 Reasoning 2064 Current Affairs 575 Maths 5575 Economy GK 2220
Practice Mix
When is the International Day of Democracy observed?
He is _______ good that he saves many lives.
Which is a key metric for laptop CPUs?
She keeps ___ smiling.
Which Indian athlete won the silver medal in the men's triple jump at the 2022 Commonwealth Games?