Question : How do you calculate the poverty line?
Option 1: The income of an individual under a threshold value published by the Government of India.
Option 2: The income of any individual is less than 50 INR in a day.
Option 3: The average income of all the individuals in a country.
Option 4: The income of a family of less than 100 INR in a day.
Correct Answer: The income of an individual under a threshold value published by the Government of India.
Solution : The correct answer is The income of an individual under a threshold value published by the Government of India.
The poverty line is the lowest point that exists. By multiplying the cost of tangible goods like food, clothing, footwear, fuel, light, education, etc. in Indian rupees, the poverty line is determined. For various years, different sums are used to calculate the poverty line. The value of basic food items is multiplied by the inverse of the percentage that food expenditure denotes for overall expenditure, and this number is used to determine the poverty line.
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