Question : With the help of absolute poverty, the minimum physical quantities required for subsistence are determined.
Option 1: Poverty line
Option 2: Poverty ratio
Option 3: Both of the above
Option 4: None of the above
Answer (1)
24th Jan, 2024
Correct Answer: Poverty line
Solution :
Absolute poverty determines the minimum physical quantities of the requirement for a subsistence level, with the help of the poverty line.
Absolute poverty occurs when a household's income falls below a certain threshold. This makes it impossible for the individual or family to meet basic needs such as food, shelter, safe drinking water, education, healthcare, and so on.
Hence option a is the correct answer
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