Question
What can be the possible reason for determining poverty
on the basis of consumption expenditure instead of income?Solution
The reason to determine poverty on the basis of consumption expenditure instead of income is that dependent people like childrens and senior citizens also consume even though they are not earning. One more reason is even though income is less people may consume more on the basis of their savings or borrowings. The Indian economy is dominated by an unorganized sector and it is difficult to collect income data, hence determination of poverty is done on the basis of consumption expenditure instead of income.
Idukki dam was often in the news, is built on which of the following rivers?
Recently Scientists of the Zoological Survey of India discovered a new species of _____ in the Western Ghat hills part of Kerala
Within what timeframe does the startup policy of Uttarakhand aim to achieve the promotion of 1000 startups?
Which of the statements given is/are correct about Badis species:
1. It is a freshwater fish species found in Nagaland
2. It is called...
Which institution has the National Payments Corporation of India (NPCI) partnered with through a long-term agreement to collaborate on research concerni...
Who is the first woman to receive the “Bharat Ratna” Award?
At what elevation above sea level will the world's highest fighter airfield at Nyoma in Ladakh, constructed by BRO India, be located?
Sabarmati Ashram was established by Gandhi Ji near Ahmedabad in which year?
What is the reported decline in the poverty rate in India over the last nine years according to NITI Aayog?
Recently, from which country India has reduced solar energy imports by up to 76%?