World Economy

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 household level
  • 2. Purchasing power parity at national level
  • 3. Extent of budget deficit and GDP growth rate at national level

Select the correct answer using the codes given below:

  1. 2 and 3 only
  2. 1 only
  3. 1 and 3 only
  4. 1, 2 and 3

Answer

The Multidimensional Poverty Index (MPI) was developed in 2010 by Oxford Poverty & Human Development Initiative and the United Nations Development Programme and uses different factors to determine poverty beyond income-based lists. It replaced the previous Human Poverty Index.

The correct option is B.