Previous year MCQs

Economy UPPSC 2018 GS-I
Question

Which of the following is measured by the Lorenz curve?

Answer & Solution

Answer: (Detailed Solution Below)

Option D: Inequality of Income

Detailed Solution:

The correct answer is “ Inequality of Income”.
Inequality of Income is measured by the Lorenz curve. The Lorenz curve is a graphical representation of income distribution in a population.

It plots the cumulative percentage of the population against the cumulative percentage of income earned by that population. A perfectly equal income distribution would result in a straight diagonal line (the line of equality), while a more unequal distribution would result in a curve that bows away from the diagonal line.

Similar Questions:

National income of India is estimated by:
  1. A) Planning Commission
  2. B) Ministry of Finance
  3. C) Central Statistical Organisation
  4. D) Reserve Bank of India
Word Bull and Big are associated with which branch of commercial activity:
  1. A) Foreign Trade
  2. B) Banking
  3. C) Share Market
  4. D) Manufacturing
Which of the following committee had examined the issue of full convertibility of Indian rupees?
  1. A) Baghul committee
  2. B) Rangarajan committee
  3. C) Tarapore committee II
  4. D) Hashim committee
The 10th 'BRICS' Summit 2018 was held in which of the following countries?
  1. A) Brazil
  2. B) South Africa
  3. C) Russia
  4. D) China
Which of the following is NOT an example of in-situ conservation strategy?
  1. A) Biosphere reserve
  2. B) Botenical garden
  3. C) National Park
  4. D) Sacred groves
Who authored the book "The Challenge of World Poverty"?
  1. A) Adam Smith
  2. B) Amartya Sen
  3. C) Gunnar Myrdal
  4. D) Jean Dreze
Which one of the following committees recommended the abolition of reservation of items for the small scale sector in industry?
  1. A) Abid Hussain Committee
  2. B) NarasimhanCommittee
  3. C) Nayak Committee
  4. D) Rakesh Mohan Committee
Which among the following is the secondary pollutant?
  1. A) Smog
  2. B) Carbondioxide
  3. C) Carbon mono-oxide
  4. D) Fly ash
Which among the following is NOT a major factors of economic growth ?
  1. A) Accumulation of capital and reforms in technology
  2. B) Change in population
  3. C) Division of labour in specialised activities
  4. D) Technocrats and Bureaucrats
Which of the following States is the largest producer of cardamom and pepper in India?
  1. A) Tamil Nadu
  2. B) Goa
  3. C) Kerala
  4. D) Maharashtra
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): Growth in per capita income is not a sufficient measure of development.

Select the correct answer from the codes given below:
  1. A) Both (A) and (R) are true and (R) is the correct explanation of (A)
  2. B) (A) is false, but (R) is true
  3. C) Both (A) and (R) are true, but (R) is not the correct explanation of (A)
  4. D) (A) is true, but (R) is false
The sound will have highest velocity in:
  1. A) Vacuum
  2. B) Air
  3. C) Water
  4. D) Steel