SSC CHSL 2020 PYQ — Question 38

SSC CHSL - 15th October 2020 - Shift 3 • General Awareness • Q38

What is the Gini coefficient used for?

Show answer & explanation

Correct answer: B

Explanation

The correct answer is option 2 i.e. To measure income inequality.

  • "The Gini coefficient provides an index to measure income inequality".
  • It is a way of comparing how the distribution of income in a society compares with a similar society in which everyone earned exactly the same amount.