Economic Growth and Development — Prelims Questions

Which of the following statements correctly distinguishes between economic growth and economic development?

Consider the following statements regarding the Human Development Index (HDI): 1. It is published by the World Bank. 2. It considers life expectancy at birth, mean years of schooling, and Gross National Income (GNI) per capita. 3. A higher HDI value indicates lower human development. Which of the statements given above is/are correct?

Which of the following economic growth models emphasizes that technological progress is an endogenous outcome of economic activity, driven by factors like human capital and R&D?

Consider the following statements regarding India's economic development post-1991 reforms: 1. The services sector emerged as the primary driver of economic growth. 2. The share of agriculture in GDP significantly increased. 3. Income inequality consistently declined across all regions. Which of the statements given above is/are correct?

Which of the following is NOT a component of the Multidimensional Poverty Index (MPI)?