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CET 12th Level — Poverty, Unemployment & Indices MCQs

Practice 20 free poverty, unemployment & indices multiple choice questions for CET 12th Level exam. Instant answers with explanations in Hindi and English.

Master Poverty, Unemployment & Indices under Indian Economy for CET 12th Level with our curated MCQ set. Every question follows real Rajasthan exam patterns. Switch between Hindi and English anytime.

CET 12th Level — Indian Economy — Poverty, Unemployment & Indices

20 Questions • Instant results & explanations • Hindi & English

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Question 1 of 20

In the context of the Lorenz Curve, what does the shaded area between the Lorenz Curve and the Ideal Line represent?

Question 2 of 20

Consider the following items: 1. Clothing and Footwear 2. Education and Health 3. Durable Goods (e.g., TV, Fridge) In the MRP (Mixed Reference Period) method, the expenditure on which of the above items is calculated over a reference period of 365 days?

Question 3 of 20

Which organization is responsible for the estimation of poverty in India?

Question 4 of 20

Assertion (A): Poverty calculation is done on the basis of family rather than individual. Reason (R): Many basic needs, such as housing, are shared among the whole family.

Question 5 of 20

Which curve helps to measure the distribution of National Income among the public?

Question 6 of 20

If the Gini Coefficient value is close to 1, what does it signify about the country's economy?

Question 7 of 20

What is the standard family size assumed for poverty calculations in India?

Question 8 of 20

Which of the following is NOT a feature of 'Absolute Poverty'?

Question 9 of 20

In the MMRP (Modified Mixed Reference Period) method, consumption expenditure is recorded for which three reference periods?

Question 10 of 20

Which term is used for the method where poverty is calculated by counting the number of individuals below the poverty line?

Question 11 of 20

Regarding the calorie requirement for poverty line estimation, why is the rural requirement (2400) higher than the urban requirement (2100)?

Question 12 of 20

Consider the following statements about Relative Poverty: 1. It is used to measure economic inequality. 2. The standards for measuring relative poverty are the same for all countries. 3. It involves the use of the Lorenz Curve. Which of the above statements are correct?

Question 13 of 20

Which line represents the situation where income is distributed equally among the population in a Lorenz Curve graph?

Question 14 of 20

What is the relationship between the Lorenz Curve and the Gini Coefficient?

Question 15 of 20

Before the formation of NITI Aayog, which body was responsible for determining the poverty line in India?

Question 16 of 20

Which of the following expenditures are considered under the 'Mixed Reference Period' (MRP) along with food items?

Question 17 of 20

If the Lorenz Curve overlaps perfectly with the Ideal Line, what is the value of the Gini Coefficient?

Question 18 of 20

Which of the following is NOT correctly matched regarding Poverty estimation methods?

Question 19 of 20

Why is income not used as the primary basis for poverty estimation in India?

Question 20 of 20

Which specific items are tracked over a 7-day period in the MMRP method?

More Indian Economy Subtopics

Practice other subtopics under Indian Economy to strengthen your CET 12th Level preparation.