Multiple Choice Questions on A situation where we have people whose level of income is not sufficient to meet minimum consumption........... for UPSC Civil Services Examination (General Studies) Preparation

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Multiple Choice Questions

A situation where we have people whose level of income is not sufficient to meet minimum consumption...........

Economic Affairs Poverty Related Issues
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    A situation where we have people whose level of income is not sufficient to meet minimum consumption expenditure is considered as

    Absolute poverty

    Correct Answer

    Relative poverty

    Incorrect Answer

    Urban poverty       

    Incorrect Answer

    Rural Poverty

    Incorrect Answer
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    Explanation:

    1st option is correct.
    Absolute poverty refers to a condition where a person does not have the minimum amount of income needed to meet the minimum requirements for one or more basic living needs over an extended period of time.

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