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Consider the following statements:
Poverty gap shows the extent to which individuals on average fall below the poverty line.
  • Intensity of poverty explains how far the living standard of the poor population is from the poverty line.
  • Poverty trap measures the intensity of poverty.
    Which of the following statement given above is/are correct?
    • a)
      1 and 2 only
    • b)
      2 and 3 only
    • c)
      3 only
    • d)
      1, 2 and 3
    Correct answer is option 'A'. Can you explain this answer?
    Most Upvoted Answer
    Consider the following statements: Poverty gap shows the extent to ...
    Option a is correct.
    • Statement 1 is correct: Poverty gap measures how far the people on an average are short from the poverty line.
    • Statement 2 is correct: The intensity of poverty makes it possible to see how far the living standard of the poor population is from the poverty line.
    • Statement 3 is incorrect: Poverty gap (and not poverty trap) measures the intensity of poverty. Poverty trap is a spiralling mechanism which forces people to remain poor. It is so binding in itself that it doesn't allow the poor people to escape it. It generally happens in developing and under-developing countries and is caused by a lack of capital and credit to people.
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    Consider the following statements: Poverty gap shows the extent to which individuals on average fall below the poverty line. Intensity of poverty explains how far the living standard of the poor population is from the poverty line. Poverty trap measures the intensity of poverty. Which of the following statement given above is/are correct?a)1 and 2 onlyb)2 and 3 onlyc)3 onlyd)1, 2 and 3Correct answer is option 'A'. Can you explain this answer?
    Question Description
    Consider the following statements: Poverty gap shows the extent to which individuals on average fall below the poverty line. Intensity of poverty explains how far the living standard of the poor population is from the poverty line. Poverty trap measures the intensity of poverty. Which of the following statement given above is/are correct?a)1 and 2 onlyb)2 and 3 onlyc)3 onlyd)1, 2 and 3Correct answer is option 'A'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements: Poverty gap shows the extent to which individuals on average fall below the poverty line. Intensity of poverty explains how far the living standard of the poor population is from the poverty line. Poverty trap measures the intensity of poverty. Which of the following statement given above is/are correct?a)1 and 2 onlyb)2 and 3 onlyc)3 onlyd)1, 2 and 3Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements: Poverty gap shows the extent to which individuals on average fall below the poverty line. Intensity of poverty explains how far the living standard of the poor population is from the poverty line. Poverty trap measures the intensity of poverty. Which of the following statement given above is/are correct?a)1 and 2 onlyb)2 and 3 onlyc)3 onlyd)1, 2 and 3Correct answer is option 'A'. Can you explain this answer?.
    Solutions for Consider the following statements: Poverty gap shows the extent to which individuals on average fall below the poverty line. Intensity of poverty explains how far the living standard of the poor population is from the poverty line. Poverty trap measures the intensity of poverty. Which of the following statement given above is/are correct?a)1 and 2 onlyb)2 and 3 onlyc)3 onlyd)1, 2 and 3Correct answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC. Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.
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