Which of the following differences correctly distinguishes absolute from relative poverty?

Q: Answer-Which of the following differences correctly distinguishes absolute from relative poverty?

Absolute poverty measures inability to meet basic needs food, shelter, clothing. Relative poverty looks at inequality within a society, comparing incomes to an average or median benchmark.

A Absolute poverty compares individuals to median income, relative compares to fixed subsistence needs. Correct Incorrect

B Absolute poverty defines deprivation against a fixed threshold, relative poverty compares income inequality within society. Correct Incorrect

C Both terms mean the same. Correct Incorrect

D Absolute poverty is used only in developed countries. Correct Incorrect

E Relative poverty ignores social context. Correct Incorrect

Detailed Solution

Absolute poverty measures inability to meet basic needs (food, shelter, clothing). Relative poverty looks at inequality within a society, comparing incomes to an average or median benchmark.

Practice Next

More Economic and Social Issues ESI Questions

Which of the following statements is/are true with respect to the objectives of Amrit Dharohar Scheme? I. Implement integrated management a...
Human capital formation is considered a key determinant of long-term economic growth. Consider the following statements: I. Expenditure on education and h...
What does the acronym ULLAS stand for in the context of the ULLAS- Nav Bharat Saaksharta Karyakram scheme?
Which of the following regarding the X is True? (I)- Event X is a meet of QUAD Leaders. (II)- One of the pillars of X is- Rethinking Democracy: Trade, Te...
Project PARI, initiated by the Ministry of Culture, seeks to:
The Sustainable Development Goals or Global Goals are a collection of seventeen interlinked objectives designed to serve as a shared blueprint for peace an...
According to government data, India has become defecation free, but according to recent data how much percentage of households in rural area are still depr...
Which of the following target group is correctly matched with income criteria under PM Daksh scheme? 1. Persons belonging to the Scheduled Cast...
Which of the following is/are functions of Department of Economic Affairs under Ministry of Finance? 1. Preparation and presentation of Union Budget...
Which of the following is NOT a key focus area of the Smart Cities Mission?

Relevant for Exams:

NABARD GRADE A
NABARD GRADE A

Hey! Ask a query

Please enter email id The email must be a valid email address.

Please enter Mobile Number Please enter valid Mobile Number

Please enter your Doubt

Thank You for posting your query. Please check your email for further guidance.

Which of the following differences correctly distinguishes absolute from relative poverty?

Detailed Solution

More Economic and Social Issues ESI Questions

Relevant for Exams:

Hey! Ask a query

Please Register/Login