Question

Consider the following statements regarding

1.Sen Index has been developed by Amartya sen.

2.Sen Index is used to estimate poverty levels.

Which of the statements given above is/are correct?

1. Only 1
2. Only 2
3. Both 1 and 2
4. Neither 1 nor 2

Answer 1

Correct Answer - Option 3 : Both 1 and 2

The correct answer is Both 1 and 2.

• Sen Index is used for measuring the severity of poverty levels in a country.
• Amartya Sen in 1976 came up with the concept of the Sen Index.

Hence both the statements are true.

•  Amritya Sen was awarded Nobel Prize in Economic Sciences in 1998.
• Amartya Sen presented a four-pronged scientific model known as the 'Raj-Sen Model' to remove the two-departmental personnel of Mahalanobis.
• Sen is opposed to neoliberal globalization and does not believe in 'trickle-down' theory.
• Emphasizing on social equality, Amartya Sen says that in order to be able to empower all, social inequalities must be emphasized and full development of human capabilities.