Question : The poverty line is defined as the minimum level of income required to meet the:

Option 1: Basic needs of a family

Option 2: Luxurious lifestyle of a family

Option 3: Expenses of education and healthcare only

Option 4: Expenses of food and clothing only

Question : Amartya Sen created the Poverty Index to estimate poverty.

Option 1: Index of consumption

Option 2: Sen index

Option 3: Health index

Option 4: Index of numbers

Question : The concept of "social exclusion" in poverty refers to:

Option 1: The lack of access to healthcare services

Option 2: The deprivation of social rights and opportunities

Option 3: The inability to meet basic needs

Option 4: The unequal distribution of wealth

Question : India's share in total global trade in value terms as of 2023 is:

Option 1: less than 1% but more than 1/2%

Option 2: more than 2%

Option 3: less than 1/2%

Option 4: between 1% and 2%

Question : The law of diminishing marginal utility states that:

Option 1: Marginal utility increases as consumption increases

Option 2: Total utility decreases as consumption increases

Option 3: Marginal utility decreases as consumption increases

Option 4: Total utility remains constant as consumption increases