The question asks about the status of the Rangarajan Committee report, specifically whether it was adopted, rejected, or if it abolished the poverty line concept. To answer this, we need to recall the historical context and outcome of the Rangarajan Committee's recommendations on poverty estimation in India.
Correct Option: A) It was never officially adopted by the Government of India
The question asks about the three broad dimensions measured by the Multidimensional Poverty Index (MPI). To answer this, one needs to recall the fundamental components of the MPI as defined by the United Nations Development Programme (UNDP) and the Oxford Poverty and Human Development Initiative (OPHI).
Correct Option: C) Health, education and standard of living
The question asks to classify a country based on its Human Development Index (HDI) value according to the UNDP's classification. To answer this, one needs to recall the HDI ranges defined by the United Nations Development Programme (UNDP) for different categories of human development.
Correct Option: A) Very high human development
The question asks about India's ranking by nominal GDP for the fiscal year 2024-25. This requires knowledge of current economic projections and rankings from reputable international financial institutions or government reports.
B) Fourth largest
As per various economic forecasts from institutions like the IMF and other financial analysts, India is projected to become the fourth-largest economy in the world by nominal GDP in the fiscal year 2024-25, surpassing countries like Germany and Japan. This reflects India's robust economic growth.
The question asks to identify the index that modifies the Human Development Index (HDI) to account for environmental factors like carbon dioxide emissions. We need to recall the definitions and purposes of the various indices listed in the options.
A) Planetary pressures-adjusted HDI (PHDI) – This index, introduced by the UNDP, explicitly adjusts the Human Development Index (HDI) for environmental factors, specifically carbon dioxide emissions and material footprint per capita, to reflect the impact of human development on the planet.
The question asks to identify the most accurate limitation of the Human Development Index (HDI). To answer this, we need to understand what the HDI measures and what aspects of human development it does not cover.
C) It does not, by itself, reflect inequality, poverty, empowerment or human security.
This statement accurately describes a key limitation of the HDI. While the HDI provides a national average, it does not account for disparities within a country, such as income inequality, gender inequality, or regional differences. It also doesn't directly measure aspects like poverty levels (though GNI per capita is a component, it's an average), political freedom, human security, or empowerment. To address some of these limitations, other indices like the Inequality-adjusted HDI (IHDI), Gender Inequality Index (GII), and Multidimensional Poverty Index (MPI) have been developed.