Question : Amartya Sen created the Poverty Index to estimate poverty.
Option 1: Index of consumption
Option 2: Sen index
Option 3: Health index
Option 4: Index of numbers
Correct Answer: Sen index
Solution : In order to estimate poverty, Amartya Sen created the Sen index. Sen's distribution-sensitive index of poverty and each of its components—the headcount ratio, income gap ratio, and Gini index of the poor—are statistically inferred. Hence option b is the correct answer.
Question : Which of the following poverty estimation methods is used by the Planning Commission of India?
Option 1: Headcount Ratio
Option 2: Poverty Gap Index
Option 3: Human Poverty Index
Option 4: Multidimensional Poverty Index
Question : Poverty in India is calculated using which consumption basket?
Option 1: Consumer Price Index (CPI)
Option 2: Wholesale Price Index (WPI)
Option 3: Consumer Expenditure Survey (CES)
Option 4: Poverty Line Index (PLI)
Question : Poverty line was first discussed in India by:
Option 1: Dadabhai Naroji
Option 2: V.K.R.V Rao
Option 3: Amartya Sen
Option 4: PC Mahalanobis
Question : The Human Development Index was developed by:
Option 1: Amartya Sen
Option 2: Milton Friedman
Option 3: Mahbub ul Haq
Option 4: Montek Singh Ahluwalia
Question : The poverty line in India is estimated using the methodology recommended by:
Option 2: Mahbub ul Haq
Option 3: Planning Commission of India
Option 4: World Bank
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