Question

Poverty level in india is estimated on the basis of
A) Household consumer expenditure
B) Slum population in the country
C) Per capita income in different States
D) Household 2 income

Answer 1

A) Household consumer expenditure

Answer 2

Correct option is (A) Household consumer expenditure

Household consumer expenditure is the amount of final consumption expenditure made by resident households to meet their everyday needs, such as: food, clothing, housing (rent), energy, transport, durable goods (notably, cars), health costs, leisure, and miscellaneous services. It is typically around 60% of gross domestic product (GDP).