Economics · Economic Growth and Development Indices
Consider the following statements: Statement I: A lower Gini index score indicates greater income equality within a country. Statement II: The Gini index measures a country's overall income levels, helping determine its GDP per capita ranking. Statement III: India has recorded an improvement in income equality over the last decade, as per the latest World Bank data. Which one of the following is correct in respect of the above statements?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Neither Statement II nor Statement III is correct.✓
- 2Only one of the Statements II and III is correct, and that explains Statement I.
- 3Both Statement II and Statement III are correct, but only one of them explains Statement I.
- 4Both Statement II and Statement III are correct, and both of them explain Statement I.
Correct answer
Neither Statement II nor Statement III is correct.
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