Current Affairs

GK MCQs Section
Q. Consider the following statements regarding the Gini Index:
  1. The Gini Index measures income or wealth inequality within a country.
  2. A Gini value of 0 indicates perfect inequality, while a value of 1 indicates perfect equality.
  3. Scandinavian countries typically record lower Gini coefficients than Latin American countries.
  4. A Gini value of 1 (or 100%) represents perfect inequality.
Which of the above statements is / are correct?
Answer: Only 1, 3 and 4
Notes: The Gini Index measures income/wealth inequality (statement 1 is correct). A Gini of 0 means perfect equality, not inequality (statement 2 is incorrect). Scandinavian countries do generally have lower Gini coefficients than Latin America (statement 3 is correct). A Gini value of 1 indicates perfect inequality (statement 4 is correct).
Question Source: 📚This question has been sourced from GKToday's Target UPSC Prelims for 2026, 2027 & 2028 App Exclusive Course in GKToday Android Application which provides more than 12K Topicwise UPSC Prelims General Studies questions with explanations framed on UPSC pattern. Download the app here.
📌 Question Number: 56 in Key Concepts in Micro & Macro-Economics in the above course in App.