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The poverty line is revised periodically taking into consideration the rise in prices. Consider the following statements.
1. The poverty line is estimated periodically by conducting sample surveys normally every five years.
2. The surveys are carried out by the National Sample Survey Organisation.
3. For making comparisons between developing countries, the international organizations like World Bank use uniform standards.
Select the correct ones.
Only 2
All the above
Only 1
1 and 2
All are correct. For making comparisons between developing countries, many international organisations like the World Bank use a uniform standard for the poverty line: minimum availability of the equivalent of $1 per person per day.
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