Economics · Poverty
Read the following lines carefully: Economic growth in India has reduced absolute poverty. While the wealthiest 10% of the population control a large share of income, many others still struggle to meet daily needs, leading to relative poverty in society. Which of the following statements are true about poverty and inequality based on economic principles? (A) Relative poverty arises from unequal income distribution. (B) Absolute poverty focuses on meeting basic subsistence needs. (C) Income inequality has no effect on social stability. (D) Both absolute and relative poverty can exist together in a society.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1(A) and (C)
- 2(B), (C), and (D)
- 3(A) and (B)
- 4(A), (B), and (D)✓
Correct answer
(A), (B), and (D)
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