📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    ⚡ Month End Offer - Flat 52% Off On All Courses! Enroll Now ⚡
    00:00:00 AM Left

    Question

    Consider the following Statements. Assertion (A):

    Each Country uses a different Poverty line to determine the level of Poverty in their own country. Reason (R): What is necessary to satisfy the basic needs is different at different times and in different countries. Choose the correct answer using the options given below:
    A Both A and R are individually correct and R is the correct explanation of A Correct Answer Incorrect Answer
    B Both A and R are individually correct but R is not the correct explanation of A Correct Answer Incorrect Answer
    C A is correct but R is not Correct Answer Incorrect Answer
    D A is incorrect but R is correct Correct Answer Incorrect Answer
    E Both A & R are incorrect Correct Answer Incorrect Answer

    Solution

    What is necessary to satisfy the basic needs is different at different times and in different countries. A person owning car may be considered poor in a developed nation whereas owning a car is considered luxury in Middle-income countries. Hence, R is Correct. On the basis of satisfying the needs of Individuals in different countries, the Poverty Line also changes.

    Practice Next
    More Economic and Social Issues ESI Questions

    Relevant for Exams:

    ask-question