Tag: economics

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Questions Related to economics

Multiple choice economics dynamic of human development development indices various development indexes social development

Human Development Index was first introduced by UNDP in ______.

  1. $1990$
  2. $1999$
  3. $2000$
  4. $2006$
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Human Development Index was first introduced by UNDP( United Nations Development Program ) in 1990.HDI stands for Human Development Index. It can be defined as a statistic composite index of human development indicators, like, life expectancy, education, per capita income, etc. HDI helps to rank countries.

Multiple choice economics dynamic of human development development indices various development indexes social development

__________ refers to increase in welfare of one individual without decreasing the welfare of another individual.

  1. Social efficiency

  2. Production efficiency

  3. Distribution efficiency

  4. All the three
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Distribution efficiency refers to increase in welfare of one individual without decreasing the welfare of another individual. The idea of distributive efficiency is proposed by Alba Lerner in the year of 1944. According to welfare economic consideration, distributive efficiency is concerned with an equitable distributionof resources.

Multiple choice economics dynamic of human development development indices various development indexes social development

The minimum and maximum value of indicator of Human Development Index are fixed by ________.

  1. WHO

  2. UNESCO

  3. UNO

  4. IFC
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The minimum and maximum value of indicator of Human Development Index are fixed by  UNO. UNO stands for United Nations Organization. UNO can be defined as an intergovernmental organization which helps to ensure international peace and security.HDI stands for Human Development Index. It can be defined as a statistic composite index of human development indicators, like, life expectancy, education, per capita income, etc. HDI helps to rank countries.

Multiple choice economics dynamic of human development development indices various development indexes social development

Human Development Index is constructed by ______.

  1. UNDP

  2. UNO

  3. WTO

  4. FAO
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Human Development Index is constructed by UNDP( United Nations Development Program ). HDI stands for Human Development Index. It can be defined as a statistic composite index of human development indicators, like, life expectancy, education, per capita income, etc. HDI helps to rank countries.

Multiple choice economics dynamic of human development development indices various development indexes social development

GINI index represent ______ perfectly inequality in distribution of income.

  1. 0

  2. 1

  3. 0.5

  4. 0.25
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

GINI index represent 1 perfectly inequality in distribution of income. GINI coefficient or GINI Index is developed by an Italian statistician, Corrado Gini. It can be defined as a statistical dispersion used to measure the inequality of wealth and income.

Multiple choice economics dynamic of human development development indices various development indexes social development

India's Human Development Index is ________.

  1. low

  2. high

  3. moderately high

  4. moderately low
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

India's Human Development Index is low. India ranks 134 out of 187 countries in terms of HDI index per HDR Report 2011. HDI stands for Human Development Index. It can be defined as a statistic composite index of human development indicators, like, life expectancy, education, per capita income, etc. HDI helps to rank countries.

Multiple choice economics dynamic of human development development indices various development indexes social development

The GINI Index for India in 2007-2008 was ________.

  1. 0.182

  2. 0.297

  3. 0.534

  4. 0.245
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The GINI Index for India in 2007-2008 was 0.245.GINI Index is measure of degree of inequality in distribution of income and wealth. GINI coefficient or GINI Index is developed by an Italian statistician, Corrado Gini in the year of 1912. It is the most commonly used statistical method for measuring inequality of income and wealth.

Multiple choice economics dynamic of human development development indices various development indexes social development

GINI index is measure of __________.

  1. increasing trend in national income

  2. sectoral classification

  3. degree of inequality in distribution of income and wealth

  4. per capita income by person resident in India
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

GINI Index is measure of degree of inequality in distribution of income and wealth. GINI coefficient or GINI Index is developed by an Italian statistician, Corrado Gini in the year of 1912. It is the most commonly used statistical method for measuring inequality of income and wealth.

Multiple choice economics dynamic of human development development indices various development indexes social development

Which of the following is used in the calculation of the HDI?

(I) Longevity of life 
(J) Knowledge 
(K) Standard of living. 

  1. (I)

  2. (J)

  3. (K)

  4. All
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation
Calculation of HDI includes:
a) Longevity of life
b) Knowledge
c) Standard of living
HDI stands for Human Development Index. It can be defined as a statistic composite index of human development indicators, like, life expectancy, education, per capita income, etc. HDI helps to rank countries.
Multiple choice economics dynamic of human development development indices various development indexes social development

HDI composes of human development indicator's:
(i) Longevity
(ii) Level of knowledge
(iii) Standard of living
(iv) Per capita income

  1. (i) only

  2. (i) and (ii)

  3. (i), (ii) and (iv)

  4. (i), (ii), (iii) and (iv)
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

HDI composes of human development indicator's:
(i) Longevity
(ii) Level of knowledge
(iii) Percapita incomeHDI stands for Human Development Index. It can be defined as a statistic composite index of human development indicators, like, life expectancy, education, per capita income, etc. HDI helps to rank countries.