GK
INDIAN ECONOMY
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Suresh Tendulkar
|
|
|
Rangrajan
|
|
|
T. Lakadawala
|
|
|
Y. K. Alagh
|
Detailed explanation-1: -Prof. Tendulkar’s pioneering contribution was his extensive work on poverty and estimation of people below poverty line (BPL). A committee was formed by government of India in 2005, with Tendulkar as chairman to ‘report on methodology of estimation of poverty’.
Detailed explanation-2: -The Planning Commission established an expert committee, chaired by Suresh Tendulkar, to evaluate poverty measurement methodology and solve the limitations of prior methodologies such as Obsolete Consumption Pattern, Adjustment for Inflation, and Expenditure on health and education.
Detailed explanation-3: -In 2011, the Suresh Tendulkar Committee defined the poverty line on the basis of monthly spending on food, education, health, electricity and transport. According to this estimate, a person who spends Rs. 27.2 in rural areas and Rs. 33.3 in urban areas a day are defined as living below the poverty line.