inclusive growth, sustainable development & employment section 1 MCQ Questions & Answers Detailed Explanation

Answer: (b)

The origins of the Human Development Index (HDI) are found in the annual Human Development Reports of the United Nations Development Programme (UNDP). These were devised and launched by Pakistani economist Mahbub ul Haq in 1990.

To produce the Human Development Reports, Mahbub ul Haq brought together a group of well-known development economists including:

1. Paul Streeten,
2. Frances Stewart,
3. Gustav Ranis,
4. Keith Griffin,
5. Sudhir Anand and
6. Meghnad Desai.

But it was Nobel laureate Amartya Sen’s work on capabilities and functionings that provided the underlying conceptual framework.

Answer: (d)

Answer: (b)

The Perform Achieve Trade is a trading scheme aimed to reduce energy consumption in industries across India using market-oriented mechanisms.

The scheme is being designed and implemented by the Bureau of Energy Efficiency (BEE), under the Ministry of Power, India.

Answer: (d)

Human Development Report the HDI combines three dimensions:

• A long and healthy life: Life expectancy at birth,
• Education index: Mean years of schooling and
• Expected years of schooling and A decent standard of living: GNI per capita (PPP US$).

Answer: (b)

A theory is an established explanation that accounts for known facts or phenomena.

Specifically, economic theories ate statements or propositions about patterns of economic behaviour under certain circumstances.

These theories help us sort out and understand the complexities of economic behaviour (Exploring Economics by Robert L. Sexton, p 9).

Answer: (c)

CRISIL has developed “Inclusix” which is India’s most comprehensive financial inclusion index for measuring the progress of financial inclusion in the country, down to district level.

Inclusix Index measures financial inclusion on the three critical parameters of basic banking services–branch penetration, deposit penetration and credit penetration.