Which of the following statements is/are correct regarding Gini coefficient? I. It measures the level of income inequality in the society. II. Higher the Gini coefficient, lower the inequality. III. It can be derived using the Lorenz curve. Select the correct answer from the options given below:

Role of Human Resources in Economic development, which of the following statement/s is/are correct? 1. Effects of economic development on population growth. 2. Effects of population growth in economi…

Given below are two statements, one is labelled as Assertion (A) and the other as Reason (R). Assertion (A) : Development is being defined as improving living standards and welfare. Reason (R) : Grow…

Which of the following statements is/are correct about absolute poverty ? 1. It is a situation where household income is below the level required to maintain basic living standards. 2. This situation…

Which of the following statements with regard to the Report of Tendulkar Committee (2009) on poverty estimates is/are correct? 1. The Committee had used an all-India urban poverty line basket as a re…

Gini Coefficient or Gini Ratio can be associated with which one of the following measurements in an economy?