Question : Poverty is defined as the inability to meet the _______ consumption needs for life, health, and efficiency.
Option 1: Maximum
Option 2: Minimum
Option 3: Less
Option 4: More
Correct Answer: Minimum
Solution : Poverty is defined as the inability to meet the minimum consumption needs for life, health, and efficiency. Poverty is defined as the inability to afford food, clothing, and shelter. This is not an Indian problem; it exists in every country. Poverty causes unemployment and insecurity. Hence option b is the correct answer.
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 : Statement 1: Poverty line is the minimum level of income necessary to meet basic needs.
Statement 2: It remains constant across countries and does not consider factors such as family size and location.
Option 1: Statement 1 is true, and Statement 2 is true.
Option 2: Statement 1 is true, but Statement 2 is false.
Option 3: Statement 1 is false, but Statement 2 is true.
Option 4: Statement 1 is false, and Statement 2 is false.
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