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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Question : In pre-independent India, Dadabhai Naoroji was the first to discuss the concept of a ______.
Option 1: bread line
Option 2: Subsistence level
Option 3: Poverty line
Option 4: Living wage
Question : What is the percentage of people below the poverty line estimated in rural areas of India in 2011–12?
Option 1: 25.7%
Option 2: 13.7%
Option 3: 35.9%
Option 4: 21.9%
Question : The Union Budget of India 2020-21 allocated an amount of crore for the education sector:
Option 1: INR 83,600
Option 2: INR 99,300
Option 3: INR 78,700
Option 4: INR 95,800
Question : In June _________, the Reserve Bank of India published a "Consultative Document on Regulation of Microfinance".
Option 1: 2021
Option 2: 2019
Option 3: 2022
Option 4: 2020
Question : The following sentence has been split into four segments. Identify the segment that contains a grammatical error. A Prime Minister of India / will address / the nation today / on the occasion of Independence Day.
Option 1: A Prime Minister of India
Option 2: the nation today
Option 3: on the occasion of Independence Day
Option 4: will address
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