Answer: Option D. -> 28th August, 2014
Answer: (d)

Answer: Option A. -> Meeting rural needs like primary education, healthcare, drinking water, housing rural roads
Answer: (a)

Answer: Option B. -> Per capita income
Answer: (b)
Some economists believe that economic growth is meaningless if it is not distributed across different segments of the population.
So per capita income is considered by some as a better indicator of economic growth since it measures the average income earned per person in a country in a specified year.
It serves as an indicator of a country's living standards and how wealth or income is distributed across the population.
However, to a vast majority, Gross Domestic Product (GDP) is the most comprehensive measure of overall economic performance.

Answer: Option C. -> 1 and 3
Answer: (c)
It entails the beneficiary to pay only 10% of the cost of the treatment/procedures which will allow virtually every citizen in Karnataka with an APL ration card to avail of subsidized healthcare.
Karnataka becomes the first state in the country to cover all its citizens under an affordable healthcare scheme.

Answer: Option B. -> 2nd October, 2009
Answer: (b)

Answer: Option B. -> Proposition
Answer: (b)
A theory is an established explanation that accounts for known facts or phenomena.
Specifically, economic theories ate statements or propositions about patterns of economic behaviour under certain circumstances.
These theories help us sort out and understand the complexities of economic behaviour (Exploring Economics by Robert L. Sexton, p 9).

Answer: Option D. -> Liberalisation of economy
Answer: (d)

Answer: Option B. -> Friedman
Answer: (b)
The origins of the Human Development Index (HDI) are found in the annual Human Development Reports of the United Nations Development Programme (UNDP). These were devised and launched by Pakistani economist Mahbub ul Haq in 1990.
To produce the Human Development Reports, Mahbub ul Haq brought together a group of well-known development economists including:
Paul Streeten,
Frances Stewart,
Gustav Ranis,
Keith Griffin,
Sudhir Anand and
Meghnad Desai.
But it was Nobel laureate Amartya Sen’s work on capabilities and functionings that provided the underlying conceptual framework.

Answer: Option C. -> (ii) only
Answer: (c)
Disguised unemployment arises because more labourers work in the factory/land than are required. And hence productivity
i.e. production per unit of labour will be less. So, (ii) statement is correct.
In such a case, if we add more capital then production may increase but if we add more labour then production will not increase.
So, Marginal Productivity of capital = $\text"change in production"/\text"change in capital"$ will be positive
But, Marginal Productivity of labour = $\text"change in production"/\text" change in labour"$ will be zero

Answer: Option D. -> National Income per head in US dollars.
Answer: (d)
Human Development Report the HDI combines three dimensions:
A long and healthy life: Life expectancy at birth,
Education index: Mean years of schooling and
Expected years of schooling and A decent standard of living: GNI per capita (PPP US$).