No.1 PSC Learning App
What are the characteristics of a capitalist economy?
- Ownership of the means of production is primarily with private individuals.
- The main motive for economic activity is profit.
- There is a high degree of government control and planning.
- Consumer sovereignty and competition among entrepreneurs are key features.
Identify the incorrect statement regarding per capita income as a development index.
- Per capita income is calculated by dividing the national income by the total population.
- An increase in per capita income is an index of development.
- Per capita income accounts for income inequality and factors like education and healthcare.
- Per capita income helps in assessing the economic growth of a country.
Which of the following are components of the Human Development Index (HDI)?
- Per capita income
- Life expectancy
- Literacy and gross school enrollment rate
- Infant mortality rate
UNDP-HDR 2023 - 24 indicated that the following findings. Which of the finding(s) is/are correct?
(1) The value of HDI of India was 0.644 in 2022 and stood at 134 rank among 193 countries in the world.
(ii) The value of India's Gender Development Index was 0.852 in 2022.
(iii) The life expectancy at birth was 67.7 years in 2022.
Select the correct answer from the options given below:
The HDI is a summary composite measure of a country's average achievements in basic aspects of human development, which are ______?
- 1. Health
- 2. Knowledge
- 3. Daily Income
Match the factor/ Concept with its relevance
| Calorie Intake | Component of the Human Development Index |
| Per Capita Income | Goal of Sustainable Development |
| Life Expectancy | Factor considered in the Human Happiness Index |
| Conservation of Nature | Indicator of poverty in India |
Consider the following statements: Which one of the following is correct in respect of the below statements?
- India's poverty is measured based on calorie intake.
- Economic development is a purely quantitative measure.