Consider the following statements about the ldquo Ease of Living Index rdquo 1 It is developed...........

Finance (Phase -I & II) Public Finance The union budget

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Consider the following statements about the “Ease of Living Index”:

1. It is developed by the Ministry of Housing and Urban Affairs.

2. The citizen participation survey is an important part of the assessment.

Which of the above statements is/are correct?

1 only

2 only

Both 1 and 2

Neither 1 nor 2

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Explanation:

The Ministry of Housing and Urban Affairs unveiled the “Ease of Living Index (EoLI)” 2019 and the municipal performance index to help assess the progress made in cities and empower them to use evidence to plan, implement and monitor their development.
Both these indices are designed to assess the quality of life of citizens in 100 smart cities and 14 million-plus cities. The index is an initiative to assess the liveability of cities as compared to global and national benchmarks. The EoLI 2019 will assess three pillars: quality of life, economic ability and sustainability, which are further divided into 14 categories across 50 indicators.
The citizen participation survey is an important part of the assessment as it will help in capturing the assessment of citizens with respect to the quality of life in their cities. Apart from this, quality of life has 35% weightage, the economic ability has 15% and sustainability has 20%.