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Consider the following statements regarding the Multidimensional Vulnerability Index (MVI):
1. The MVI provides a nuanced view of challenges faced by countries, moving beyond traditional economic measures.
2. It includes dimensions of economic, environmental, and social vulnerability.
3. The MVI is designed to primarily assist in the allocation of military resources.
Which of the statements given above is/are correct?
  • a)
    1 Only
  • b)
    1 and 2 Only
  • c)
    1 and 3 Only
  • d)
    1, 2 and 3
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Consider the following statements regarding the Multidimensional Vulne...
- Statement 1 is correct: The MVI indeed provides a nuanced view of the challenges faced by countries, moving beyond traditional economic measures. This is part of its unique focus to offer a comprehensive analysis of vulnerabilities.
- Statement 2 is correct: The MVI includes dimensions of economic, environmental, and social vulnerability. Economic vulnerability encompasses factors like GDP per capita, debt levels, and trade dependency. Environmental vulnerability considers exposure to natural disasters, climate change impacts, and biodiversity loss. Social vulnerability looks at access to healthcare, education levels, and income inequality.
- Statement 3 is incorrect: The primary aim of the MVI is to aid in creating a resilient and sustainable future for all nations, and it is designed to assist policymakers in pinpointing weaknesses and prioritizing actions for resilience and development. It is not intended for the allocation of military resources.
Hence, the correct answer is Option B.
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Consider the following statements regarding the Multidimensional Vulnerability Index (MVI):1. The MVI provides a nuanced view of challenges faced by countries, moving beyond traditional economic measures.2. It includes dimensions of economic, environmental, and social vulnerability.3. The MVI is designed to primarily assist in the allocation of military resources.Which of the statements given above is/are correct?a)1 Onlyb)1 and 2 Onlyc)1 and 3 Onlyd)1, 2 and 3Correct answer is option 'B'. Can you explain this answer?
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