Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Indian Economic Development: Poverty

Question:

Following are the facts about categorising poverty. Identify which among them are correct.

A. Usually poor are those people who sometimes have a little more money
B. Small farmers and seasonal workers are churning poor
C. Occasionally poor are those who are rich most of the time
D. Casual workers are included under always poor
E. Non-poor are those who are poor sometimes due to bad luck

Choose the correct answer from the options given below:

Options:

A, B and C only

B, C and D only

C, D and E only

A, C and D only

Correct Answer:

A, B and C only

Explanation:

The correct answer is A, B and C only.

Categorising Poverty: There are many ways to categorise poverty. In one such way people who are always poor and those who are usually poor but who may sometimes have a little more money (A) (example: casual workers) are grouped together as the chronic poor. Another group are the churning poor who regularly move in and out of poverty (example: small farmers and seasonal workers)(B) and the occasionally poor who are rich most of the time but may sometimes have a patch of bad luck (C). They are called the transient poor. And then, there are those who are never poor and they are the non-poor.