Which one of the following dimensions is not included in Human Development Index?
- A.Life Expectancy at birth
- B.Mean years of schooling
- C.Expected years of schooling
- D.Mortality rate
Correct answer
Explanation
The correct answer is D, Mortality rate. The Human Development Index, published by the United Nations Development Programme (UNDP) since 1990 and designed with the economist Mahbub ul Haq, measures three dimensions. A long and healthy life is measured by life expectancy at birth. Knowledge is measured by two indicators, mean years of schooling for adults aged 25 and above and expected years of schooling for children of school-entry age. A decent standard of living is measured by gross national income per capita at purchasing power parity. Since 2010 the three dimension indices are combined by a geometric mean. Mortality rate, such as infant or maternal mortality, is not a direct HDI indicator; health enters only through life expectancy. Option A is wrong because life expectancy at birth is the health indicator. Option B is wrong because mean years of schooling is one of the two education indicators. Option C is wrong because expected years of schooling is the other one. Exam tip: HDI, three dimensions and four indicators: life expectancy, mean and expected schooling, GNI per capita.
Practice Questions
View allAccording to the law of diminishing marginal utility, as the amount of a good consumed increases, the marginal utility of that good tends to
- 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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The burden of a tax falls more heavily on whichever side of the market is less elastic, the side that cannot easily walk away.
Read the full explanation →UBI, as an alternative for subsidies in poverty alleviation, stands for
- A.Union Basic Income
- B.Undefined Basic Income
- C.Unconditional Basic Income
- D.Universal Basic Income
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UBI is the idea of paying every citizen a fixed sum of money regularly, without conditions, in place of a large number of separate subsidies and welfare schemes.
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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The Fourteenth Finance Commission, set up in 2013 for the award period 2015-2020, was chaired by Y. V. Reddy, a former Governor of the Reserve Bank of India.
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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GST is levied by the Union and the States together on the same supply, and Article 246, which splits taxing powers between them through separate lists, did not allow such a concurrent tax.
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