Question : Poverty in India is calculated using which consumption basket?
Option 1: Consumer Price Index (CPI)
Option 2: Wholesale Price Index (WPI)
Option 3: Consumer Expenditure Survey (CES)
Option 4: Poverty Line Index (PLI)
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Answer (1)
14th Jan, 2024
Correct Answer: Consumer Expenditure Survey (CES)
Solution : The correct answer is (c) Consumer Expenditure Survey (CES)
Poverty in India is calculated using the Consumer Expenditure Survey (CES) data. The CES collects information on the consumption patterns and expenditure of households across different regions of the country. This data is used to estimate the poverty line and measure poverty in India.
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