Change set
Pick exam & year, then Go.
Question map
Which of the following is/are the type/s of poverty?
(1) Absolute poverty
(2) Relative poverty
(3) Subjective poverty
(4) Functional poverty
Choose the correct answer using the code given below -
Explanation
Poverty is generally classified into several types based on measurement and perception:
- Absolute Poverty: A condition where household income is insufficient to afford basic necessities of life like food, shelter, and clothing. It is measured against a fixed poverty line.
- Relative Poverty: This defines poverty in relation to the economic status of other members of the society. It reflects income inequality and the inability to maintain the average standard of living in a specific community.
- Subjective Poverty: This is based on an individual's perception of their own financial situation. It occurs when a person feels they do not have enough income to meet their needs, regardless of their actual income level.
Functional poverty is not a standard economic or sociological classification of poverty. Therefore, statements 1, 2, and 3 are correct.
SIMILAR QUESTIONS
Which among the following is/are NOT a social indicator of poverty ? 1. Illiteracy 2. Safe drinking water 3. Job opportunities 4. Size of the house Select the correct answer from the code given below : Code :
United Nations Development Programme (UNDP) has identified following categories of poverty. Which one is correct ?
With reference to 'Multi-Dimensional Poverty Index', which of the following statements is/are correct ?
1. It was developed and introduced in 2010.
2. It measures extreme poverty and includes those living on less than one dollar per day.
Select the correct answer using the code given below :
Code :