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 the household level 2. Purchasing power parity at the national level 3. The extent of the budget deficit and GDP growth rate at the national level Select the correct answer using the codes given below:

QUESTION

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Social Issues & Schemes

Prelims 2012

The Multi-dimensional Poverty Index developed by Oxford Poverty and Human Development Initiative with UNDP support covers which of the following?

Deprivation of education, health, assets and services at the household level
Purchasing power parity at the national level
The extent of the budget deficit and GDP growth rate at the national level

Select the correct answer using the codes given below:

Select an option to attempt

Explanation

The Multidimensional Poverty Index (MPI) focuses on identifying poverty beyond just income. It considers various deprivations that a household might experience in different dimensions of well-being.

Education, health, assets, and services are core aspects of a household's well-being. The MPI looks at factors like access to education, quality healthcare, essential assets (like clean water and sanitation), and basic services needed for a decent standard of living.

Purchasing power parity (PPP) is an economic concept used to compare living standards across countries. It's not directly measured in the MPI.

Budget deficit and GDP growth rate are macroeconomic indicators that reflect the health of a nation's economy. While poverty reduction is often a national goal, the MPI focuses on identifying poverty at the household level.

Hence, only statement 1 is incorrect.

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