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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?

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? Correct Answer 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.

Important Points

  •  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.

Related Questions

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