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

Which of the following is a measure of relative poverty?
A. Absolute number of poor people
B. Poverty line based on minimum calorie intake
C. Income share of the bottom quintile relative to the top
D. Percentage of population below a fixed income threshold
Answer: Option C
Solution (By JKSSB Mock Tests)
Relative poverty is measured in relation to the overall distribution of income in society, such as the income share of the poorest relative to the richest.

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Practice More Economy Set 1 Questions

Question #1
The 'Attorney General of India' is appointed under which article?
A. Article 78
B. Article 76
C. Article 77
D. Article 88

Correct Answer: Option B


Explanation:
The Attorney General is appointed under Article 76.

This question belongs to: Economy GK Economy Set 1
Question #2
The 'Paris Agreement' aims to limit global temperature rise this century to well below:
A. 4°C
B. 2°C above pre-industrial levels
C. 1°C
D. 3°C

Correct Answer: Option B


Explanation:
The Paris Agreement aims to limit warming to well below 2°C, preferably 1.5°C.

This question belongs to: Economy GK Economy Set 1
Question #3
The 'Goods and Services Tax' on mineral water is:
A. 28%
B. 5%
C. 12%
D. 18%

Correct Answer: Option D


Explanation:
Mineral water attracts 18% GST.

This question belongs to: Economy GK Economy Set 1