Choose whether the given statement True/False:

Poverty ratio was more than 50% in the mid-seventies.

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True

False

answer is A.

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Detailed Solution

The above statement is true.
The poverty ratio was more than 50% in the mid-seventies. The poverty ratio is defined as the ratio of the population below the poverty line to the total population of a nation. The poverty ratio in our country in the mid-seventies was 50 %. In 1993-1994, the poverty ratio of our nation was 45%, while the poverty ratio of our country was reduced to 37.5 % in the year 2004-2005. The proportion of people below the poverty line came down to 22 % in 2011–12. It is often assumed that if the trend continues, India may come down to less than 20 %.

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