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Direction: In the following question, a short passage is given with one of the lines in the passage missing and represented by a blank. Select the best out of the five answer options given, to make the passage complete and coherent (coherent means logically complete and sound).The first step in analyzing the problem of poverty is to be able to define it conceptually. The minimum standard of living is one criterion used to define the poverty line.__________. One identifies a consumption basket that may be regarded as essential for an individual for sustenance. Then one finds the set of corresponding prices, which can be used to convert this basket to value terms. The minimum standard of living thus obtained may be regarded as the poverty line. An individual with consumption below this defined poverty line is regarded as poor.a)The operational problem is to figure out what constitutes a minimum set of commodities, and their amounts.b)This minimum standard includes both food and non-food components.c)Prices of commodities are known to vary according to quality, space and time.d)The next step is the estimation of people below the poverty line in the country.Correct answer is option 'B'. Can you explain this answer? for CAT 2025 is part of CAT preparation. The Question and answers have been prepared
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the CAT exam syllabus. Information about Direction: In the following question, a short passage is given with one of the lines in the passage missing and represented by a blank. Select the best out of the five answer options given, to make the passage complete and coherent (coherent means logically complete and sound).The first step in analyzing the problem of poverty is to be able to define it conceptually. The minimum standard of living is one criterion used to define the poverty line.__________. One identifies a consumption basket that may be regarded as essential for an individual for sustenance. Then one finds the set of corresponding prices, which can be used to convert this basket to value terms. The minimum standard of living thus obtained may be regarded as the poverty line. An individual with consumption below this defined poverty line is regarded as poor.a)The operational problem is to figure out what constitutes a minimum set of commodities, and their amounts.b)This minimum standard includes both food and non-food components.c)Prices of commodities are known to vary according to quality, space and time.d)The next step is the estimation of people below the poverty line in the country.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for CAT 2025 Exam.
Find important definitions, questions, meanings, examples, exercises and tests below for Direction: In the following question, a short passage is given with one of the lines in the passage missing and represented by a blank. Select the best out of the five answer options given, to make the passage complete and coherent (coherent means logically complete and sound).The first step in analyzing the problem of poverty is to be able to define it conceptually. The minimum standard of living is one criterion used to define the poverty line.__________. One identifies a consumption basket that may be regarded as essential for an individual for sustenance. Then one finds the set of corresponding prices, which can be used to convert this basket to value terms. The minimum standard of living thus obtained may be regarded as the poverty line. An individual with consumption below this defined poverty line is regarded as poor.a)The operational problem is to figure out what constitutes a minimum set of commodities, and their amounts.b)This minimum standard includes both food and non-food components.c)Prices of commodities are known to vary according to quality, space and time.d)The next step is the estimation of people below the poverty line in the country.Correct answer is option 'B'. Can you explain this answer?.
Solutions for Direction: In the following question, a short passage is given with one of the lines in the passage missing and represented by a blank. Select the best out of the five answer options given, to make the passage complete and coherent (coherent means logically complete and sound).The first step in analyzing the problem of poverty is to be able to define it conceptually. The minimum standard of living is one criterion used to define the poverty line.__________. One identifies a consumption basket that may be regarded as essential for an individual for sustenance. Then one finds the set of corresponding prices, which can be used to convert this basket to value terms. The minimum standard of living thus obtained may be regarded as the poverty line. An individual with consumption below this defined poverty line is regarded as poor.a)The operational problem is to figure out what constitutes a minimum set of commodities, and their amounts.b)This minimum standard includes both food and non-food components.c)Prices of commodities are known to vary according to quality, space and time.d)The next step is the estimation of people below the poverty line in the country.Correct answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for CAT.
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Here you can find the meaning of Direction: In the following question, a short passage is given with one of the lines in the passage missing and represented by a blank. Select the best out of the five answer options given, to make the passage complete and coherent (coherent means logically complete and sound).The first step in analyzing the problem of poverty is to be able to define it conceptually. The minimum standard of living is one criterion used to define the poverty line.__________. One identifies a consumption basket that may be regarded as essential for an individual for sustenance. Then one finds the set of corresponding prices, which can be used to convert this basket to value terms. The minimum standard of living thus obtained may be regarded as the poverty line. An individual with consumption below this defined poverty line is regarded as poor.a)The operational problem is to figure out what constitutes a minimum set of commodities, and their amounts.b)This minimum standard includes both food and non-food components.c)Prices of commodities are known to vary according to quality, space and time.d)The next step is the estimation of people below the poverty line in the country.Correct answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
Direction: In the following question, a short passage is given with one of the lines in the passage missing and represented by a blank. Select the best out of the five answer options given, to make the passage complete and coherent (coherent means logically complete and sound).The first step in analyzing the problem of poverty is to be able to define it conceptually. The minimum standard of living is one criterion used to define the poverty line.__________. One identifies a consumption basket that may be regarded as essential for an individual for sustenance. Then one finds the set of corresponding prices, which can be used to convert this basket to value terms. The minimum standard of living thus obtained may be regarded as the poverty line. An individual with consumption below this defined poverty line is regarded as poor.a)The operational problem is to figure out what constitutes a minimum set of commodities, and their amounts.b)This minimum standard includes both food and non-food components.c)Prices of commodities are known to vary according to quality, space and time.d)The next step is the estimation of people below the poverty line in the country.Correct answer is option 'B'. Can you explain this answer?, a detailed solution for Direction: In the following question, a short passage is given with one of the lines in the passage missing and represented by a blank. Select the best out of the five answer options given, to make the passage complete and coherent (coherent means logically complete and sound).The first step in analyzing the problem of poverty is to be able to define it conceptually. The minimum standard of living is one criterion used to define the poverty line.__________. One identifies a consumption basket that may be regarded as essential for an individual for sustenance. Then one finds the set of corresponding prices, which can be used to convert this basket to value terms. The minimum standard of living thus obtained may be regarded as the poverty line. An individual with consumption below this defined poverty line is regarded as poor.a)The operational problem is to figure out what constitutes a minimum set of commodities, and their amounts.b)This minimum standard includes both food and non-food components.c)Prices of commodities are known to vary according to quality, space and time.d)The next step is the estimation of people below the poverty line in the country.Correct answer is option 'B'. Can you explain this answer? has been provided alongside types of Direction: In the following question, a short passage is given with one of the lines in the passage missing and represented by a blank. Select the best out of the five answer options given, to make the passage complete and coherent (coherent means logically complete and sound).The first step in analyzing the problem of poverty is to be able to define it conceptually. The minimum standard of living is one criterion used to define the poverty line.__________. One identifies a consumption basket that may be regarded as essential for an individual for sustenance. Then one finds the set of corresponding prices, which can be used to convert this basket to value terms. The minimum standard of living thus obtained may be regarded as the poverty line. An individual with consumption below this defined poverty line is regarded as poor.a)The operational problem is to figure out what constitutes a minimum set of commodities, and their amounts.b)This minimum standard includes both food and non-food components.c)Prices of commodities are known to vary according to quality, space and time.d)The next step is the estimation of people below the poverty line in the country.Correct answer is option 'B'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Direction: In the following question, a short passage is given with one of the lines in the passage missing and represented by a blank. Select the best out of the five answer options given, to make the passage complete and coherent (coherent means logically complete and sound).The first step in analyzing the problem of poverty is to be able to define it conceptually. The minimum standard of living is one criterion used to define the poverty line.__________. One identifies a consumption basket that may be regarded as essential for an individual for sustenance. Then one finds the set of corresponding prices, which can be used to convert this basket to value terms. The minimum standard of living thus obtained may be regarded as the poverty line. An individual with consumption below this defined poverty line is regarded as poor.a)The operational problem is to figure out what constitutes a minimum set of commodities, and their amounts.b)This minimum standard includes both food and non-food components.c)Prices of commodities are known to vary according to quality, space and time.d)The next step is the estimation of people below the poverty line in the country.Correct answer is option 'B'. Can you explain this answer? tests, examples and also practice CAT tests.