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● Statement 1 is correct: The Poverty Gap Ratio is the gap by which mean consumption of the poor below poverty line falls short of the poverty line. It indicates the depth/intensity of poverty; the more the PGR, the worse is the condition of the poor. While the number of poor people indicates the spread of poverty, PGR indicates the depth of the poverty. ● Statement 2 is correct: During 2004-05 to 2011- 12, PGR also reduced in both rural and urban areas. While the rural PGR declined from 9.64 in 2004-05 to 5.05 in 2011-12 in the urban areas, it declined from 6.08 to 2.70 during the same period. A nearly 50% decline in PGR both in rural and urban areas during 2004-05 to 2011- 12, reflects that the conditions of the poor have improved both in urban and rural areas.
The Future Value of an Annuity is equal to the future value of the sum of individual cash flows.
Which company has contributed over 33% (Most UPI transactions) of overall UPI transactions?
Which Indian badminton player won her first senior international title by winning the women’s singles at the Belgian International 2024?
Naga Pahar Mountains are located in which Indian state?
Global Depositary Receipt (GDR) and American Depositary Receipt (ADR) are traded on exchanges in India
On which day is Krishna Janmashtami celebrated during the dark fortnight of Bhadrapada?
Which organization manages the 'Bio Carbon Fund Initiative for Sustainable Forest Landscapes'?
Where is the Mudumalai Tiger Reserve located?
When was the Reserve Bank of India nationalized?
The union budget levies _____ tax on cryptocurrency assets in India?