List of top Indian Economy Questions on Poverty asked in IIT JAM EN

According to the NITI Aayog’s “National Multidimensional Poverty Index: A Progress Review 2023”, which of the following is/are CORRECT?

Which of the following committees for the first time recommended for India
(i) use of implicit prices derived from quantity and value data collected in household consumer expenditure surveys for computing and updating the poverty lines 
(ii) Mixed Reference Period (MRP) in estimating poverty lines

Given the production function Q = 6√L and the supply of labour L = √w, where L and w denote the number of labours and wage rate, respectively. If the unit price of the product is Rs. 243, then the profit maximizing value of w is Rs. _____ (in integer).

Let the production function be Q = \(\sqrt{L^2 + K^2}\) the unit price of labour (L) and capital (K) be Rs. 30 and Rs. 40, respectively, and the total cost be Rs. 580. Then the maximum value of Q subject to the cost constraint is ______ (round off to 2 decimal places).