{"id":20577,"date":"2017-01-20T08:07:33","date_gmt":"2017-01-20T08:07:33","guid":{"rendered":"https:\/\/www.edristi.in\/?p=20577"},"modified":"2017-01-20T08:07:33","modified_gmt":"2017-01-20T08:07:33","slug":"an-economy-for-the-99","status":"publish","type":"post","link":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/an-economy-for-the-99\/","title":{"rendered":"An economy for the 99%"},"content":{"rendered":"<p style=\"text-align: justify;\"><strong>Question: According to the report \u201cAn economy for the 99%\u201dpublished by rights group Oxfam-<\/strong><br \/>\n(1) India\u2019s richest 1% now holds a huge 58% of the country\u2019s total wealth.<br \/>\n(2) Dilip Sanghvi is India&#8217;s richest man.<br \/>\nWhich of the above statements is\/are true?<br \/>\n(a) Only 1<br \/>\n(b) Only 2<br \/>\n(c) Both (1) and (2)<br \/>\n(d) None<br \/>\n<strong>Ans:(a)<\/strong><br \/>\n<strong>Related facts:<\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li>On 16 January 2017; International non-governmental organization released the report named \u201cAn economy for the 99%\u201d.<\/li>\n<li>Oxfam report presented study on the growing inequality in the economy and its solution.<\/li>\n<li>New estimates show that just eight men own the same wealth as the poorest half of the world.<\/li>\n<li>The eight men owns wealth worth $426bn (\u00a3350bn), equivalent to the wealth of 3.6 billion people.<\/li>\n<li>The list is-<br \/>\n1. Bill Gates (US): Microsoft founder -$75 billion<br \/>\n2. Amensio Artega (Spain): The owner of Zara -$67 billion<br \/>\n3. Warren Buffett (USA): -CEO of Berkshire Hathaway-$60.8 billion,<br \/>\n4. Carlos Slim Helu (Mexico): The owner of Grupo Karaso -$50 billion<br \/>\n5. Jeff Bijos (US): Amazon founder -$45.2 billion<br \/>\n6. Mark Zuckerberg (US): Facebook co-founder -$44.6 billion<br \/>\n7. Larry Ilisn (US): Oracle co-founder -$43.6 billion<br \/>\n8. Michael Bloomberg (USA): The founder of Bloomberg -$40.0 billion<\/li>\n<li>India&#8217;s total assets of $ 3.1 trillion (Rs 68 lakh crore) out of which 58% of the asset belongs to less than 1% of people.<\/li>\n<li>It shows that 57 billionaires in India now have same wealth ($216 billion) as that of the bottom 70% population of the country.<br \/>\nTop three in India are:<br \/>\n1. Mukesh Ambani -$19.3 billion<br \/>\n2. Dilip Sanghvi -$16.7 billion<br \/>\n3. Azim Premji-$15.0 billion<\/li>\n<li>The incomes of the poorest 10% of people increased by less than $3 a year between 1988 and 2011, while the incomes of the richest 1% increased 182 times as much.<\/li>\n<li>According to the report in 2010, the 388 richest people owned the same wealth as the poorest 50%.<\/li>\n<li>This dropped to 80 in 2014 before falling again in 2015 to 62.<\/li>\n<li>In 2016 just eight people own the same wealth as the poorest half of the world.<\/li>\n<\/ul>\n<p style=\"text-align: justify;\">\n<strong>Reference:<\/strong><br \/>\n<a href=\"https:\/\/www.oxfam.org\/sites\/www.oxfam.org\/files\/file_attachments\/bp-economy-for-99-percent-160117-summ-en.pdf\" target=\"_blank\">https:\/\/www.oxfam.org\/sites\/www.oxfam.org\/files\/file_attachments\/bp-economy-for-99-percent-160117-summ-en.pdf<\/a><br \/>\n<a href=\"https:\/\/www.oxfam.org\/sites\/www.oxfam.org\/files\/file_attachments\/bp-economy-for-99-percent-160117-en.pdf\" target=\"_blank\">https:\/\/www.oxfam.org\/sites\/www.oxfam.org\/files\/file_attachments\/bp-economy-for-99-percent-160117-en.pdf<\/a><br \/>\n<a href=\"https:\/\/www.oxfam.org\/sites\/www.oxfam.org\/files\/file_attachments\/bp-economy-for-99-percent-160117-en.pdf\" target=\"_blank\">https:\/\/www.oxfam.org\/sites\/www.oxfam.org\/files\/file_attachments\/bp-economy-for-99-percent-160117-en.pdf<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Question: According to the report \u201cAn economy for the 99%\u201dpublished by rights group Oxfam- (1) India\u2019s richest 1% now holds a huge 58% of the country\u2019s total wealth. (2) Dilip Sanghvi is India&#8217;s richest man. Which of the above statements is\/are true? (a) Only 1 (b) Only 2 (c) Both (1) and (2) (d) None [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":20477,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1087],"tags":[2529],"class_list":["post-20577","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-intne","tag-international-en"],"_links":{"self":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts\/20577","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/comments?post=20577"}],"version-history":[{"count":0,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts\/20577\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/media\/20477"}],"wp:attachment":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/media?parent=20577"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/categories?post=20577"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/tags?post=20577"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}