Question : Assertion: The poverty line is a point on the distribution line that usually divides the country's population into poor and non-poor. Reason: The poverty line establishes a standard in terms of the maximum level of consumption.
Option 1: Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A)
Option 2: Both Assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation of Assertion (A)
Option 3: Assertion (A) is True but Reason (R) is False
Option 4: Assertion (A) is False but Reason (R) is True
Correct Answer: Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A)
Solution : The poverty line is a point on the distribution line that usually divides the country's population into poor and non-poor. The poverty line is defined as the per capita average monthly expenditure incurred by a few people to meet their basic needs or requirements. It changes from time to time. Hence option c is the correct answer.
Question : Assertion (A): "Churning poor" and "occasionally poor" are included in the transient poor group. Reason (R): Both "always poor" and "usually poor" fall under the concept of chronic poverty.
Question : Assertion: Unemployment and poverty go hand in hand. Reason: Poverty is a result of unemployment
Question : Assertion: Another name for the budget line is the consumption possibility curve. Reason (R): Budget line is negatively sloped.
Question : Assertion (A): Addressing the problem of poverty through self-employment schemes is the most effective means of poverty alleviation. Reason (R): Self-employment schemes improve the rate of participation and also empower the poor.
Question : Assertion (A)Budget line is also known as the consumption possibility curve. Reason (R): Budget line is a negatively sloped straight line.
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