Read the following statement given below and choose the correct alternative Statement 1 To define po...........

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Read the following statement given below and choose the correct alternative

Statement 1- To define poverty, we divide people into two categories; poor and the non-poor

Statement 2- Poverty line separates poor from non-poor

Both are correct

Both are incorrect

Statement 1 is correct and statement 2 is incorrect

Statement 1 is incorrect and statement 2 is correct

Explanation:

- Statement 1: This statement suggests that we categorize people as either poor or non-poor to define poverty. This is correct because poverty definitions often classify individuals into these two fundamental groups for simplicity.

- Statement 2: This statement mentions the poverty line as a tool to separate the poor from the non-poor. This is accurate as the poverty line is a commonly used threshold to determine who falls below it (poor) and who is above it (non-poor).

- Option 1: Both statements are correct.

- Option 2: Both statements incorrect - not the case here, as both are factual.

- Option 3: Statement 1 correct, Statement 2 incorrect - not applicable here, as both are correct.

- Option 4: Statement 1 incorrect, Statement 2 correct - not applicable, both statements are correct.

Option 1 is the correct answer.