Consider the following statements about Welfare Efficiency Index (WEI): 1. The Index is prepared by the Oxfam India. 2. The index indicates a substantial increase in score on welfare delivery processes in the country in last decade. 3. ‘Direct Benefit Transfer (DBT) savings’ weighs the highest as an indicator of the Index. Which of the statements given above are correct? |ForumIAS

Q. Consider the following statements about Welfare Efficiency Index (WEI):
1.The Index is prepared by the Oxfam India.
2.The index indicates a substantial increase in score on welfare delivery processes in the country in last decade.
3.‘Direct Benefit Transfer (DBT) savings’ weighs the highest as an indicator of the Index.
Which of the statements given above are correct?

[A] 1 and 2 only

[B] 2 and 3 only

[C] 1 and 3 only

[D] 1, 2 and 3

Answer: B

Notes:

Explanation: Statements 2 and 3 are correct

Statement 1 is incorrect: The newly developed Welfare Efficiency Index (WEI), which quantifies fiscal and social gains, is prepared by BlueKraft Digital Foundation.

Statement 2 is correct: The Index surged from 0.32 in 2014 to 0.91 in 2023, underscoring systemic improvements.

Statement 3 is correct: The Index employs a composite metric weighting DBT savings (50%), subsidy reduction (30%), and beneficiary growth (20%).

Source: PIB

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