Choose given statement is True/False:

Twenty Six crores of people live below India's poverty line

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True

False

answer is A.

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Detailed Solution

The above statement is true.
Twenty Six crores of people live below India's poverty line. A common way to calculate poverty depends on income or consumption levels. Individuals are said to be poor if their income or consumption level reduces to a given minimum level needed to fulfil the basic amenities. What is required to meet the necessities is not constant at different times and in different countries. Thus, the poverty line may differ with time and place. Each nation uses an imaginary poverty line that is decided to be appropriate for its current stage of growth and its accepted minimum social beliefs.

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