Official Answer Key & Detailed Solution
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Correct Answer: Option (A) — 1 only
Concept & Option Breakdown
Standard Reference Verified- Statement 1 is correct: The Global Multidimensional Poverty Index (MPI) measures acute multidimensional poverty by examining overlapping deprivations at the individual/household level across three dimensions: Health, Education, and Standard of Living (which includes assets and basic services).
- Statements 2 and 3 are incorrect: MPI is a non-monetary micro-level deprivation index. It does not measure national-level macroeconomic indicators such as GDP growth rate, budget deficits, or Purchasing Power Parity (PPP).
MPI measures household-level non-income deprivations. Macro indicators like budget deficit and GDP growth rate (Statement 3) are irrelevant to MPI. Eliminating 3 leaves only option (a).
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