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Page 1 CPT Section C General Economics Chapter6 Unit II CA. Dipti Lunawat Page 2 CPT Section C General Economics Chapter6 Unit II CA. Dipti Lunawat MCQ’s Page 3 CPT Section C General Economics Chapter6 Unit II CA. Dipti Lunawat MCQ’s [A] Asia & Africa [B] America &Russia [C] Europe & Australia [D] Asia & Antarctica Answer-A Page 4 CPT Section C General Economics Chapter6 Unit II CA. Dipti Lunawat MCQ’s [A] Asia & Africa [B] America &Russia [C] Europe & Australia [D] Asia & Antarctica Answer-A [A] Absolute [B] Relative [C] Below poverty line [D] None of the above Answer-A Page 5 CPT Section C General Economics Chapter6 Unit II CA. Dipti Lunawat MCQ’s [A] Asia & Africa [B] America &Russia [C] Europe & Australia [D] Asia & Antarctica Answer-A [A] Absolute [B] Relative [C] Below poverty line [D] None of the above Answer-A [A] Absolute poverty [B] Relative poverty [C] Both of above [D] None of above Answer-BRead More
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FAQs on MCQ - Poverty - Business Economics for CA Foundation
| 1. What is poverty? |  |
Ans. Poverty refers to the state or condition of having little or no money, goods, or means of support. It is a situation where individuals or communities lack the resources necessary for basic needs such as food, shelter, and healthcare.
| 2. How is poverty measured? | |
Ans. Poverty can be measured using various indicators, such as income levels, consumption patterns, or the multidimensional poverty index. In many countries, the poverty line is set based on the national average income or expenditure, and individuals or households falling below this line are considered to be living in poverty.
| 3. What are the causes of poverty? | |
Ans. Poverty can have multiple causes, including lack of education, unemployment, low wages, limited access to basic services, discrimination, and social exclusion. Economic factors, such as economic downturns or unequal distribution of resources, can also contribute to poverty.
| 4. How does poverty affect individuals and communities? | |
Ans. Poverty has wide-ranging effects on individuals and communities. It can lead to malnutrition, poor health, limited access to education, increased crime rates, and social unrest. Poverty can also perpetuate a cycle of disadvantage, as individuals born into poverty often face limited opportunities for upward mobility.
| 5. What are some strategies to alleviate poverty? | |
Ans. Various strategies can be employed to alleviate poverty, including improving access to education and healthcare, promoting economic growth and job creation, implementing social protection programs, providing targeted assistance to vulnerable groups, and addressing structural inequalities. Additionally, addressing the root causes of poverty, such as gender inequality and social exclusion, is crucial for sustainable poverty reduction.
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