Which of the following statements about poverty are correct?
A) Poverty is a socio-economic phenomenon in which a section of the society is unable to fulfill even its basic necessities of life.
B) The poverty gap measures the transfer that would bring the income of every poor person exactly upto the poverty line.
C) A person whose income or expenditure is so meagre that he lives below the subsistence level is called as ‘relative poverty’.
1) A and B only
2) B and C only
3) C and A only
4) A, B and C
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Answer is 4
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the correct answer is option no 3 that is. both A and C are correct.
A) it is a socio-economic phenomenon in which a certain part of society cannot fulfill its basic needs.
C) A person income is minimum to the extent that he lives below the normal level as compared to others that he cannot afford basic needs.
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