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)
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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Question : Which of the following is taken as the base year for calculating the Wholesale Price Index (WPI) by the Government of India?
Option 1: 2011-12
Option 2: 2012-13
Option 3: 2013-14
Option 4: 2010-11
Question : Which of the following poverty estimation methods is used by the Planning Commission of India?
Option 1: Headcount Ratio
Option 2: Poverty Gap Index
Option 3: Human Poverty Index
Option 4: Multidimensional Poverty Index
Question : The poverty line in India is determined by the:
Option 1: Reserve Bank of India (RBI)
Option 2: National Sample Survey Organisation (NSSO)
Option 3: Ministry of Finance
Option 4: Ministry of Rural Development
Question : The poverty line in India is estimated using the methodology recommended by:
Option 1: Amartya Sen
Option 2: Mahbub ul Haq
Option 3: Planning Commission of India
Option 4: World Bank
Question : Which organisation is associated with the estimation of the poverty line in India?
Option 1: NITI Aayog
Option 2: Reserve Bank of India
Option 3: Indian Council of Agricultural Research
Option 4: National Sample Survey Organisation
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