Economics · Poverty Estimation
Consider the following statements: Statement 1: Poverty line estimation in India has historically been based on consumption expenditure rather than income levels. Statement 2: It is difficult to assess the incomes of self-employed people, daily wage laborers, etc., and there are large fluctuations in income due to seasonal factors. Which of the following is correct in respect of the above statements?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Both Statement 1 and Statement 2 are correct, and Statement 1 is the correct explanation of Statement 2.
- 2Both Statement 1 and Statement 2 are correct, and Statement 2 is the correct explanation of Statement 1.✓
- 3Both Statement 1 and Statement 2 are correct, but Statement 2 is not the correct explanation of Statement 1.
- 4Statement 1 is correct but Statement 2 is incorrect.
Correct answer
Both Statement 1 and Statement 2 are correct, and Statement 2 is the correct explanation of Statement 1.
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