May 17 – ECONOMIC SURVEY Welcome to your May 17 - ECONOMIC SURVEY Who defined poverty as a failure to achieve certain minimum basic needs or capacities?A. Amartya SenB. Dadabhai NaorojiC. Raghuram RajanD. Abhijit Banerjee Consider the following statements about Micro-Environment Index and choose the correct answer1. The micro-environment is much better in urban areas when compared to the rural areas.2. It measures the percentage of households who are living in a dwelling unit with access to piped water supply and free electricity.A. 1 onlyB. 2 onlyC. Both 1 and 2D. Neither 1 nor 2 Gini Coefficient is associated withA. Trade deficitB. InflationC. Absolute povertyD. Distribution of Income Which of the following policies were recently enacted in Agricultural sector to deregulate and liberalize it ?1. Farmers’ Produce Trade and Commerce (Promotion and Facilitation) Act, 2020 2. Farmers' (Empowerment and Protection) Agreement of Price Assurance and Farm Services Act, 20203. Essential Commodities (Amendment) Act, 2020A. 1 and 2 onlyB. 1 and 3 onlyC. 2 and 3 onlyD. 1, 2 and 3 Ricardian Equivalence Proposition (REP) is associated withA. Speculative demandB. Consumption pattern of consumersC. National IncomeD. Dependency theory Time is Up!