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Question
Which of the following figures correspond to the minimum income required to satisfy basic needs as of 2011–12?
Which of the following figures correspond to the minimum income required to satisfy basic needs as of 2011–12?
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Solution
The correct option is C ₹1000 for urban and ₹816 for rural areas
Poverty line represents the minimum level of income required to satisfy our basic needs like food, shelter, education, healthcare, and clothing.
According to data from 2011–12, people who spend less than ₹816 per person per month in rural areas for their consumption are considered as poor in India. Similarly, people who spend less than ₹1,000 per person per month for consumption in urban areas are considered as poor.
Poverty line represents the minimum level of income required to satisfy our basic needs like food, shelter, education, healthcare, and clothing.
According to data from 2011–12, people who spend less than ₹816 per person per month in rural areas for their consumption are considered as poor in India. Similarly, people who spend less than ₹1,000 per person per month for consumption in urban areas are considered as poor.
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