A person is considered poor if their income or consumption exceeds a predetermined:

see full answer

Start JEE / NEET / Foundation preparation at rupees 99/day !!

21% of IItians & 23% of AIIMS delhi doctors are from Sri Chaitanya institute !!

An Intiative by Sri Chaitanya

Minimum level to cover basic needs

Maximum level to cover basic needs

Both 1 and 2

All of the above

answer is A.

(Unlock A.I Detailed Solution for FREE)

Ready to Test Your Skills?

Check your Performance Today with our Free Mock Test used by Toppers!

Take Free Test

Detailed Solution

A person is considered poor if their income or consumption exceeds a predetermined "minimum level" to cover basic needs. This cutoff is referred to as the poverty line. The poverty line in India is calculated by multiplying the cost of tangible items like food, clothing, footwear, fuel, light, education, etc., by the rupee. The data used to determine the poverty line fluctuate annually. Additionally, the poverty level varies across rural and urban areas due to work, lifestyle, and cost of living changes.

Watch 3-min video & get full concept clarity

Result Producing online coaching for JEE/NEET of south India

Largest All India Test Series for JEE/NEET

Best Books for IIT JEE

Best Books for NEET

How to Join IIT after 10th

🔥 Start Your JEE/NEET Prep at Just ₹1999 / month - Limited Offer! Check Now!

Get Expert Academic Guidance – Connect with a Counselor Today!

Result Producing online coaching for JEE/NEET of south India

Largest All India Test Series for JEE/NEET

Best Books for IIT JEE

Best Books for NEET

How to Join IIT after 10th