GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Living on less than $10 per day
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Living on less than $5 per day
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Living on less than $2.5 per day
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Living on less than $1.9 per day
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Detailed explanation-1: -The international poverty line, which is currently $1.90 a day, is the threshold that determines whether someone is living in poverty. The line is based on the value of goods needed to sustain one adult.
Detailed explanation-2: -The World Bank defines “extreme poverty” as living on less than $1.90 per person per day.
Detailed explanation-3: -According to an International Monetary Fund paper, extreme poverty, defined by the World Bank as living on US$1.9 or less in purchasing power parity (PPP) terms, in India was as low as 0.8% in 2019, and the country managed to keep it at that level in 2020 despite the unprecedented COVID-19 outbreak.
Detailed explanation-4: -The international poverty line is set at $2.15 per person per day using 2017 prices. This means that anyone living on less than $2.15 a day is in extreme poverty. About 648 million people globally were in this situation in 2019.