Consider the following statements regarding poverty in India :<br>1. While determining poverty line in India, a minimum level of food requirement, clothing, footwear, fuel and light, educational and medical requirements, etc. are determined for subsistence.<br>2. The accepted average calorie requirement in India is 2400 calories per person per day in rural areas and 2100 calories per person per day in urban areas.<br>Which of the statements given above is/are <strong>correct</strong>?
- A. 1 only
- B. 2 only
- C. Both 1 and 2 ✓
- D. Neither 1 nor 2
Correct Answer: C. Both 1 and 2
Explanation
Both statements are correct. The poverty line methodology in India considers essential non-food items alongside a nutritional benchmark of 2400 kcal in rural areas and 2100 kcal in urban areas.
Related questions on Economics
- Which one among the following pairs of type of firm and feature is <strong>NOT</strong> correctly matched?
- Union Budget 2025 increased the Sectoral cap of FDI to 100 per cent from 74 per cent for:
- The practice of reducing the size of a product while maintaining its sticker price is called:
- Consider the following statements about Union Government's Expenditure on revenue account and effective capital expenditure: 1. Effective ca...
- Which one among the following statements about the Districts as Export Hubs (DEH) in India is <strong>NOT</strong> correct?