Economics · Poverty
Read the following lines carefully: In India, the poverty line represents the minimum level of income required to meet basic human needs like food, clothing, and shelter. The government uses per capita consumption expenditure to estimate this line, with different values for rural and urban areas due to cost-of-living variations. Which of the following statements correctly describe the poverty line according to the text and standard economic concepts? (A) It measures the minimum income required for basic necessities. (B) It remains the same for both rural and urban areas. (C) It is based on consumption expenditure patterns. (D) It is calculated by the Reserve Bank of India annually.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1(B) and (D)
- 2(A), (C), and (D)
- 3(A) and (C)✓
- 4(A) and (B)
Correct answer
(A) and (C)
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Preparing for Economics?
Practice full-length Economics mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Poverty MCQs →Want more practice questions on Poverty?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · Poverty