Which one among the following statements regarding 39 human development 39 is not correct ........

Indian Economy Growth and development

Which one among the following statements regarding 'human development' is not correct ?

This questions was previously asked in

EPFO APFC 2023

The basic concept of Income Approach to Human Development is that the level of income reflects the level of freedom an individual enjoys.

Basic Needs Approach to Human Development was initially proposed by the International Labour Organization (ILO).

Human Poverty Index measures the shortfall in human development.

Under the Welfare Approach to Human Development, the Government protects and promotes private entrepreneurs to maximize expenditure on welfare.

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Explanation:

Let's break down each statement:

- Option 1: The Income Approach says that income level shows the degree of freedom and choices available to people. This is correct, as higher income often means more opportunities and freedom.

- Option 2: The Basic Needs Approach was first proposed by the International Labour Organization (ILO). That's correct; ILO promoted meeting basic needs like food, shelter, and education.

- Option 3: The Human Poverty Index (HPI) does measure the shortfall in human development. This is correct; it highlights deprivations in basic human development areas.

- Option 4: *Under the Welfare Approach to Human Development, the Government protects and promotes private entrepreneurs to maximize expenditure on welfare.* This is NOT correct. The Welfare Approach focuses on government-driven welfare schemes, not promoting private entrepreneurs.

Correct Answer:

- Option 4 is not correct.