Question
Consider the following statements in regard to ‘poverty line’ :
Which of the statements given above is/are correct?
- The International poverty line according to World Bank is US $ 1.25/day/person based on PPP (Purchasing Power Parity).
- Planning commission of India has defined poverty line based on intake of calories and is different for rural and urban areas.
Which of the statements given above is/are correct?
Answer: Option C
Answer: (c)
The poverty line is a minimum level of income deemed adequate in a particular country. The common international poverty line has in the past been roughly $1 a day.
In 2008, the World Bank came out with a revised figure of $1.25 at 2005 purchasing power parity.
In India, the poverty line is identified in monetary units as the level of income or consumption expenditure required in order to avoid poverty.
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Answer: (c)
The poverty line is a minimum level of income deemed adequate in a particular country. The common international poverty line has in the past been roughly $1 a day.
In 2008, the World Bank came out with a revised figure of $1.25 at 2005 purchasing power parity.
In India, the poverty line is identified in monetary units as the level of income or consumption expenditure required in order to avoid poverty.
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