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Which among the following statements NOT correct about Gini coefficient ?
  • a)
    The Gini Coefficient is used to measure inequality of income or health
  • b)
    The coefficient ranges from zero to one
  • c)
    A zero Gini index means the following perfect equality in income
  • d)
    The higher the Gini coefficient the higher the equality among rich and poor
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
Which among the following statements NOT correct about Gini coefficie...
  • Gini coefficient represents the income distribution of a country’s residents.
  • It was developed by the Italian statistician and sociologist Corrado Gini.
  • It measures the inequality.
  • The coefficient ranges from zero to one, with zero representing perfect equality and one showing perfect inequality.
  • The more the inequality, the higher is Gini Coefficient. Hence, Option 4 is NOT correct.
  • The more is the value of Gini Coefficient, the more is gap between rich and poor.
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Which among the following statements NOT correct about Gini coefficient ?a)The Gini Coefficient is used to measure inequality of income or healthb)The coefficient ranges from zero to onec)A zero Gini index means the following perfect equality in incomed)The higher the Gini coefficient the higher the equality among rich and poorCorrect answer is option 'D'. Can you explain this answer?
Question Description
Which among the following statements NOT correct about Gini coefficient ?a)The Gini Coefficient is used to measure inequality of income or healthb)The coefficient ranges from zero to onec)A zero Gini index means the following perfect equality in incomed)The higher the Gini coefficient the higher the equality among rich and poorCorrect answer is option 'D'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Which among the following statements NOT correct about Gini coefficient ?a)The Gini Coefficient is used to measure inequality of income or healthb)The coefficient ranges from zero to onec)A zero Gini index means the following perfect equality in incomed)The higher the Gini coefficient the higher the equality among rich and poorCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which among the following statements NOT correct about Gini coefficient ?a)The Gini Coefficient is used to measure inequality of income or healthb)The coefficient ranges from zero to onec)A zero Gini index means the following perfect equality in incomed)The higher the Gini coefficient the higher the equality among rich and poorCorrect answer is option 'D'. Can you explain this answer?.
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