Consider the following statements about Multidimensional Poverty Index (MPI): 1. MPI is calculated using Alkire-Foster methodology. 2. MPI calculated by NITI Aayog has a total of twelve indicators. 3. Maternal Health and Bank Account are common indicators in the MPI of NITI Aayog and MPI of United Nations Development Programme (UNDP). Which of the statements given above is/are correct?
- A.1 and 2 only
- B.1, 2 and 3
- C.1 and 3 only
- D.2 only
Correct answer
Explanation
The correct answer is A, 1 and 2 only. Maternal health and bank account are the two indicators India added on its own, so they are not common to both indices. The global MPI, published by UNDP with the Oxford Poverty and Human Development Initiative (OPHI), uses the Alkire-Foster method: a person is counted as poor when deprived in a weighted third or more of the indicators. India's National MPI from NITI Aayog uses the same method, so statement 1 is correct. The global MPI has three dimensions (health, education, standard of living) and ten indicators. NITI Aayog kept these ten and added maternal health under health and bank account under standard of living, making twelve, so statement 2 is correct and statement 3 is wrong. Option B is wrong because it includes statement 3. Option C is wrong because it includes statement 3 and leaves out statement 2. Option D is wrong because it leaves out statement 1. Exam tip: global MPI = 3 dimensions, 10 indicators; NITI MPI = 12, adding maternal health and bank account.
Practice Questions
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- A.improve
- B.diminish
- C.remain constant
- D.first diminish and then improve
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Each extra unit of a good gives a consumer less additional satisfaction than the unit before it, so marginal utility falls as consumption rises.
Read the full explanation →Consider the following statements about impact of tax : 1. A tax is shifted forward to consumers if the demand is inelastic relative to supply. 2. A tax is shifted backward to producers if the supply is relatively more inelastic than demand. Which of the statements given above is/are correct?
- A.1 only
- B.2 only
- C.Both 1 and 2
- D.Neither 1 nor 2
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- A.Union Basic Income
- B.Undefined Basic Income
- C.Unconditional Basic Income
- D.Universal Basic Income
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Read the full explanation →Who among the following is the Chairman of the Fourteenth Finance Commission?
- A.C. Rangarajan
- B.Vijay Kelkar
- C.Y. V. Reddy
- D.Rakesh Mohan
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Read the full explanation →Why was constitutional amendment needed for introducing GST?
- A.States were not willing to agree with the Union for introduction of GST without amendment in the Constitution.
- B.GST was to be implemented on concurrent base and Article 246 was inadequate for such a case.
- C.The Empowered Committee of Finance Ministers had recommended for constitutional amendment.
- D.The GST Council had recommended for constitutional amendment so that its power enhances.
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