Which of the following is a measure of absolute poverty? MCQ with Answer and Explanation

Which of the following is a measure of absolute poverty?
A. Poverty line based on calorie intake or income
B. Gini coefficient
C. Relative income share of bottom 40%
D. Lorenz curve
Answer: Option A
Solution (By JKSSB Mock Tests)
Absolute poverty is measured with reference to a fixed poverty line based on minimum calorie requirements or income needed to meet basic needs. Gini and Lorenz measure inequality (relative poverty aspects).

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Practice More Economy Set 1 Questions

Question #1
The World Trade Organization came into existence in which year?
A. 1944
B. 1995
C. 1947
D. 2001

Correct Answer: Option B


Explanation:
The WTO was established in 1995, replacing GATT.

This question belongs to: Economy GK Economy Set 1
Question #2
The 'SAARC' grouping includes how many member countries?
A. 12
B. 6
C. 8
D. 10

Correct Answer: Option C


Explanation:
SAARC has 8 member countries.

This question belongs to: Economy GK Economy Set 1
Question #3
The 'Pradhan Mantri Krishi Sinchai Yojana' aims at:
A. improving irrigation and water-use efficiency
B. providing tractors
C. promoting exports
D. crop insurance

Correct Answer: Option A


Explanation:
PMKSY aims to improve irrigation coverage and water-use efficiency.

This question belongs to: Economy GK Economy Set 1