1 View

Question : The poverty line is defined as the minimum level of income required to meet the:

Option 1: Basic needs of a family

Option 2: Luxurious lifestyle of a family

Option 3: Expenses of education and healthcare only

Option 4: Expenses of food and clothing only


Team Careers360 4th Jan, 2024
Answer (1)
Team Careers360 22nd Jan, 2024

Correct Answer: Basic needs of a family


Solution : The correct answer is (a) Basic needs of a family.

The poverty line represents the income threshold below which individuals or households are considered to be living in poverty. It is determined based on the minimum level of income or consumption required to meet basic needs and maintain a certain standard of living.

Basic needs include essential requirements for survival and well-being, such as food, shelter, clothing, healthcare, education, and other fundamental necessities. The poverty line takes into account the cost of these basic needs and aims to establish a threshold below which individuals or households may face significant deprivation and poverty-related challenges.

It is important to note that the specific components and thresholds of the poverty line can vary across countries and may be adjusted periodically to reflect changing economic conditions, living standards, and social norms.

Related Questions

TOEFL ® Registrations 2024
Apply
Accepted by more than 11,000 universities in over 150 countries worldwide
Manav Rachna University | B.E...
Apply
First Indian university to provide International Baccalaureate Educators Certificate (IBEC) for primary, middle years, diploma programmes.
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books