Choose the given statement as true/false:

The living expenses are used by the World Bank as international standards to measure poverty.

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Detailed Solution

The above statement is true.
The World Bank uses living expenses as international standards to measure poverty. According to the World Bank, a person living on less than $1.90 per day lives below the poverty line. While in India, the poverty line is estimated based on calorie needs. In India, NSSO conducts a survey to determine India's poverty line. NSSO stands for National Sample Survey Organisation. It conducts periodic sample surveys (once in 5 years) to estimate poverty. It works under the Ministry of Statistics of the Government of India. However, the World Bank uses internationally approved uniform standards to compare developing countries.

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