Question

Why does the World Bank has a uniform standard of poverty line? What is the poverty line fixed by the World Bank?

Answer 1

Answer:

Explanation:

World Bank has set up an international poverty line as per the global standards. A uniform standard line makes it easy to compare and assess the poverty levels of people living in different countries.

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Answer 2

Hi

The updated uniform standard used by World bank for poverty line is the minimum amount of 1.90 dollars / day. Explanation: The minimal income of a person on a daily basis in a specific country is considered as the poverty line. The amount that defines this line is used to compare countries that are developing.

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