Question : The concept of "human development index" (HDI) is developed by:
Option 1: World Bank
Option 2: International Monetary Fund (IMF)
Option 3: United Nations Development Programme (UNDP)
Option 4: World Trade Organization (WTO)
Correct Answer: United Nations Development Programme (UNDP)
Solution : The correct answer is (c) - the United Nations Development Programme (UNDP).
The Human Development Index is a measure that assesses the development and well-being of countries based on several key indicators. It was introduced by the United Nations Development Programme in 1990 as a means to provide a broader understanding of development beyond just economic indicators such as GDP.
The HDI takes into account factors such as life expectancy, education (measured by mean years of schooling and expected years of schooling), and income per capita. It aims to provide a more comprehensive assessment of human development and to guide policies and actions that promote sustainable development and improve the well-being of people.
