CURRENT AFFAIRS

2018

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
According to the recent report, which state MLAs top the list with an average annual income of Rupee.1.1 crore?
A
Karnataka
B
Chhattisgarh
C
Bihar
D
Maharashtra
Explanation: 

Detailed explanation-1: -As per the PLFS survey of 2019-20, the annual cumulative wages came to be around Rs 1,869 crore, out of which the top 1% earned nearly Rs 127 crore, and the bottom 10% accounted for a measly Rs 32.10 crore. This indicates that the top 1% earns almost thrice as much as the bottom 10%.

Detailed explanation-2: -As an overview, India’s per capita net national income or NNI was around 1.97 lakh rupees in 2022. The per-capita income is a crude indicator of the prosperity of a country. In contrast, the gross national income at constant prices stood at over 128 trillion rupees.

Detailed explanation-3: -Dreadful data The truly dreadful part is that according to this data, out of this country’s 121 crore population, only 11 lakh people earn a salary of more than ₹10 lakh per annum. That means that less than 0.091% of all the people in the country have a salary income of more than ₹10 lakh.

There is 1 question to complete.