Static Quiz 08 January 2025
Quiz-summary
0 of 5 questions completed
Questions:
- 1
- 2
- 3
- 4
- 5
Information
Static Quiz 08 January 2025 For UPSC Exam
You have already completed the quiz before. Hence you can not start it again.
Quiz is loading...
You must sign in or sign up to start the quiz.
You have to finish following quiz, to start this quiz:
Results
0 of 5 questions answered correctly
Your time:
Time has elapsed
You have reached 0 of 0 points, (0)
Categories
- Not categorized 0%
- 1
- 2
- 3
- 4
- 5
- Answered
- Review
- Question 1 of 5
1. Question
Which of the following statements given below is correct with reference to Incremental Capital Output Ratio (ICOR)?
CorrectAnswer: b) It measures how much additional capital will be required to increase the GDP by one additional unit.
Explanation:
• ICOR indicates the efficiency of capital usage in an economy.
• A lower ICOR implies higher efficiency in capital utilization, while a higher ICOR means that more capital is needed to produce additional output.
• It reflects the capital intensity of economic growth.IncorrectAnswer: b) It measures how much additional capital will be required to increase the GDP by one additional unit.
Explanation:
• ICOR indicates the efficiency of capital usage in an economy.
• A lower ICOR implies higher efficiency in capital utilization, while a higher ICOR means that more capital is needed to produce additional output.
• It reflects the capital intensity of economic growth. - Question 2 of 5
2. Question
Which of the following indicators is not used for Human Development Index (HDI) calculation?
CorrectAnswer: c) Social equality
Explanation:
The Human Development Index (HDI) is based on:
1. Life expectancy at birth (health indicator)
2. Mean years of schooling and expected years of schooling (education indicator)
3. Gross National Income (GNI) per capita (standard of living indicator)
Social equality is not a part of the HDI calculation.IncorrectAnswer: c) Social equality
Explanation:
The Human Development Index (HDI) is based on:
1. Life expectancy at birth (health indicator)
2. Mean years of schooling and expected years of schooling (education indicator)
3. Gross National Income (GNI) per capita (standard of living indicator)
Social equality is not a part of the HDI calculation. - Question 3 of 5
3. Question
Consider the following statements:
1. The Gross National Product (GNP) is arrived at by subtracting net factor income from abroad from the GDP.
2. The Net National Product excludes the factor of depreciation.
3. The GNP is a better indicator of income in a country than GDP.
Which of the above-given statements is/are correct?CorrectAnswer: b) 2 and 3 only
Explanation:
• Statement 1 is Incorrect: GNP = GDP + Net Factor Income from Abroad (NFIA).
• Statement 2 is correct: NNP excludes depreciation, making it a better indicator of the country’s actual income.
• Statement 3 is correct: GNP considers the income of citizens abroad and hence provides a better measure of the income generated by the country’s residents.IncorrectAnswer: b) 2 and 3 only
Explanation:
• Statement 1 is Incorrect: GNP = GDP + Net Factor Income from Abroad (NFIA).
• Statement 2 is correct: NNP excludes depreciation, making it a better indicator of the country’s actual income.
• Statement 3 is correct: GNP considers the income of citizens abroad and hence provides a better measure of the income generated by the country’s residents. - Question 4 of 5
4. Question
Consider the following statements with respect to the Global Multi-dimensional Poverty Index:
1. It was launched by the United Nations Development Program (UNDP) and the Oxford Poverty and Human Development Initiative (OPHI).
2. Health, Education, and Living Standards are the important dimensions for calculating this index.
Which of the statements given above is/are correct?CorrectAnswer: c) Both 1 and 2
Explanation:
• The Global Multi-dimensional Poverty Index (MPI) was jointly launched by UNDP and Oxford Poverty and Human Development Initiative (OPHI).
• It measures poverty across three dimensions: Health, Education, and Living Standards, with ten indicators.IncorrectAnswer: c) Both 1 and 2
Explanation:
• The Global Multi-dimensional Poverty Index (MPI) was jointly launched by UNDP and Oxford Poverty and Human Development Initiative (OPHI).
• It measures poverty across three dimensions: Health, Education, and Living Standards, with ten indicators. - Question 5 of 5
5. Question
Which among the following publishes the World Happiness Index 2023?
CorrectAnswer: d) UN Sustainable Development Solutions Network
Explanation:
The World Happiness Index is published by the UN Sustainable Development Solutions Network (UNSDSN). It ranks countries based on happiness levels using indicators like GDP per capita, social support, life expectancy, freedom, generosity, and perceptions of corruption.IncorrectAnswer: d) UN Sustainable Development Solutions Network
Explanation:
The World Happiness Index is published by the UN Sustainable Development Solutions Network (UNSDSN). It ranks countries based on happiness levels using indicators like GDP per capita, social support, life expectancy, freedom, generosity, and perceptions of corruption.
