Economics · Poverty and Development
Which one of the following statements with regard to poverty estimation in India is correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The items included in the consumption basket are fully adequate to estimate the poverty line and the exact number of poor.
- 2Income and assets are the only factors associated with poverty.
- 3The traditional mechanism for determining the poverty line takes into consideration social factors such as illiteracy and ill health.
- 4The poverty line has historically been determined by the monetary value of the minimum calorie intake.✓
Correct answer
The poverty line has historically been determined by the monetary value of the minimum calorie intake.
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