The Multi-dimensional Poverty Index developed by ‘Oxford Poverty and Human Development initiative with UNDP support covers which of the following?1. Deprivation of education, health, assets and services at household level.2. Purchasing power parity at national level.3. Extent of budget deficit and GDP growth rate at national level.Select the correct answer using the codes given below:
✓ Correct answer: a) 1 only
ExplanationThe Multidimensional Poverty Index (MPI), developed by the Oxford Poverty and Human Development Initiative (OPHI) in collaboration with the United Nations Development Pro- gramme (UNDP), is designed to measure acute poverty by evalu- ating multiple deprivations that individuals face across three key dimensions: health, education, and living standards.Statement 1 is correct : The index assesses depriv-ations in education (such as years of schooling and school atten- dance), health (including child mortality and nutrition), and living standards (evaluated through indicators like access to electricity, sanitation, drinking water, housing, cooking fuel, and asset ownership).Indian Economy 331Statement 2 is incorrect : Purchasing power parity (PPP) is an economic metric used to compare the relative value of curren- cies and the cost of goods across countries.The MPI focuses on non-monetary deprivations at the household level and does not incorporate national-level economic indicators like PPP.Statement 3 is incorrect : Budget deficits and GDP growth rates are macroeconomic indicators
Practice more Economy PYQs
Attempt a free 10-question quiz or browse the full Economy previous-year-question bank with instant answers and explanations.
📈 Economy PYQs →