Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Indian Economic Development: Poverty

Question:

As poverty has many dimensions, it has to be looked at through a variety of indicators. According to you, which of the following is an indicator of "Poverty"?

Options:

General price level

Aggregate demand in the economy

Level of income and consumption

All of the above

Correct Answer:

Level of income and consumption

Explanation:

To know what helps to reduce poverty, what works and what does not, and what changes over time, poverty has to be defined, measured, and studied — and even experienced. As poverty has many dimensions, it has to be looked at through a variety of indicators which includes:

  1. Levels of income and consumption
  2. Social indicators
  3. Indicators of vulnerability to risks and socio-political access.