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Q.

The poverty line or threshold is an imaginary line that acts as a :

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a

Minimum cut-off point in the income line

b

A person below it is considered poor.

c

Both1 and 2

d

None of these

answer is C.

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Detailed Solution

The poverty line or threshold is an imaginary line that acts as a minimum cut-off point in the income line, and a person below it is considered poor. The poverty line is the minimum level of income deemed adequate to a specific country to fulfill a person's necessities. Each country uses its poverty line that fluctuates according to its current level of development and accepted minimum social norms.

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