Bank Exams Exam  >  Bank Exams Questions  >  According to the Household Consumption Expend... Start Learning for Free
According to the Household Consumption Expenditure Survey (HCES) for 2023-24, what trend was observed in rural and urban household consumption?
  • a)
    Increased consumption inequality
  • b)
    Decreased average monthly per capita consumption expenditure
  • c)
    Increased average monthly per capita consumption expenditure
  • d)
    No change in consumption patterns
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
According to the Household Consumption Expenditure Survey (HCES) for 2...
The HCES for 2023-24 indicated an increase in average monthly per capita consumption expenditure (MPCE) in both rural and urban areas, with rural areas experiencing a rise of approximately 9%. This reflects a positive trend in household economic well-being and suggests that consumption patterns are improving, especially in rural regions. A noteworthy aspect of this survey is that it also showed a reduction in consumption inequality, as indicated by the decreasing Gini coefficient. This means that the gap between the richest and poorest households in terms of consumption is narrowing, which is a significant indicator of economic progress.
View all questions of this test
Explore Courses for Bank Exams exam
According to the Household Consumption Expenditure Survey (HCES) for 2023-24, what trend was observed in rural and urban household consumption?a) Increased consumption inequalityb) Decreased average monthly per capita consumption expenditurec) Increased average monthly per capita consumption expenditured) No change in consumption patternsCorrect answer is option 'C'. Can you explain this answer?
Question Description
According to the Household Consumption Expenditure Survey (HCES) for 2023-24, what trend was observed in rural and urban household consumption?a) Increased consumption inequalityb) Decreased average monthly per capita consumption expenditurec) Increased average monthly per capita consumption expenditured) No change in consumption patternsCorrect answer is option 'C'. Can you explain this answer? for Bank Exams 2025 is part of Bank Exams preparation. The Question and answers have been prepared according to the Bank Exams exam syllabus. Information about According to the Household Consumption Expenditure Survey (HCES) for 2023-24, what trend was observed in rural and urban household consumption?a) Increased consumption inequalityb) Decreased average monthly per capita consumption expenditurec) Increased average monthly per capita consumption expenditured) No change in consumption patternsCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Bank Exams 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for According to the Household Consumption Expenditure Survey (HCES) for 2023-24, what trend was observed in rural and urban household consumption?a) Increased consumption inequalityb) Decreased average monthly per capita consumption expenditurec) Increased average monthly per capita consumption expenditured) No change in consumption patternsCorrect answer is option 'C'. Can you explain this answer?.
Solutions for According to the Household Consumption Expenditure Survey (HCES) for 2023-24, what trend was observed in rural and urban household consumption?a) Increased consumption inequalityb) Decreased average monthly per capita consumption expenditurec) Increased average monthly per capita consumption expenditured) No change in consumption patternsCorrect answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for Bank Exams. Download more important topics, notes, lectures and mock test series for Bank Exams Exam by signing up for free.
Here you can find the meaning of According to the Household Consumption Expenditure Survey (HCES) for 2023-24, what trend was observed in rural and urban household consumption?a) Increased consumption inequalityb) Decreased average monthly per capita consumption expenditurec) Increased average monthly per capita consumption expenditured) No change in consumption patternsCorrect answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of According to the Household Consumption Expenditure Survey (HCES) for 2023-24, what trend was observed in rural and urban household consumption?a) Increased consumption inequalityb) Decreased average monthly per capita consumption expenditurec) Increased average monthly per capita consumption expenditured) No change in consumption patternsCorrect answer is option 'C'. Can you explain this answer?, a detailed solution for According to the Household Consumption Expenditure Survey (HCES) for 2023-24, what trend was observed in rural and urban household consumption?a) Increased consumption inequalityb) Decreased average monthly per capita consumption expenditurec) Increased average monthly per capita consumption expenditured) No change in consumption patternsCorrect answer is option 'C'. Can you explain this answer? has been provided alongside types of According to the Household Consumption Expenditure Survey (HCES) for 2023-24, what trend was observed in rural and urban household consumption?a) Increased consumption inequalityb) Decreased average monthly per capita consumption expenditurec) Increased average monthly per capita consumption expenditured) No change in consumption patternsCorrect answer is option 'C'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice According to the Household Consumption Expenditure Survey (HCES) for 2023-24, what trend was observed in rural and urban household consumption?a) Increased consumption inequalityb) Decreased average monthly per capita consumption expenditurec) Increased average monthly per capita consumption expenditured) No change in consumption patternsCorrect answer is option 'C'. Can you explain this answer? tests, examples and also practice Bank Exams tests.
Explore Courses for Bank Exams exam

Top Courses for Bank Exams

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev