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Multiple Choice Questions

Which one among the following statements regarding Human Development 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:

- Income Approach: This concept suggests that higher income levels provide more freedom and choices, reflecting individual welfare and development.

- Basic Needs Approach: Initially proposed by the International Labour Organization (ILO), this approach emphasizes meeting essential human needs for overall development.

- Human Poverty Index (HPI): Measures deprivation in human development facets like health, education, and living standards, highlighting shortfalls in human development.

- Welfare Approach: Focuses on government efforts to support citizens' welfare but doesn’t specifically focus on promoting private entrepreneurs; instead, it often involves direct government intervention in welfare services.

Option 4 is incorrect because the Welfare Approach does not primarily involve promoting private entrepreneurship to maximize welfare expenditure.

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