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
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
Question : The poverty line in India is determined based on:
Option 1: Per capita income
Option 2: Household income
Option 3: Monthly expenditure on food
Question : New Ratio =
Option 1: Old Ratio – Sacrificing Ratio
Option 2: Old Ratio – Gaining Ratio
Option 3: Both 1 and 2
Question : In pre-independent India, Dadabhai Naoroji was the first to discuss the concept of a ______.
Option 1: bread line
Option 2: Subsistence level
Option 3: Poverty line
Option 4: Living wage
Question : If the sum of two quantities is equal to three times their difference, then the ratio of the two quantities is:
Option 1: 1 : 3
Option 2: 3 : 1
Option 3: 2 : 1
Option 4: 2 : 3
Question : Which type of capital is to be built up with higher incomes?
Option 1: Human capital
Option 2: Physical capital
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