Poverty Terminologies MCQ Practice for UPSC, SSC & Banking Exams

This topic explains important poverty-related terms such as poverty line, multidimensional poverty, absolute poverty, relative poverty and human poverty. These concepts help candidates understand poverty measurement and government policies for competitive examinations.

Practice MCQ Questions

Ques: 1

The concept of ‘Vicious Circle of Poverty’ is related to:

(A) Karl Marx (B) Nurkse Ragnar Nurkse (C) Adam Smith (D) None of the above

Ques: 2

A ‘closed economy’ is an economy in which:

(A) The money supply is fully controlled (B) Deficit financing takes place (C) Only exports take place (D) Neither exports nor imports take place

Ques: 3

“Jail Cost of Living” was first introduced by whom?

(A) Jawahar Lal Nehru (B) Mahatma Gandhi (C) Dadabhai Naroji (D) Sardar Vallabhbhai Patel

Ques: 4

What is the poverty line?

(A) The line that separates the rich and the poor (B) The line that represents the average income of a country (C) The minimum level of income required to meet basic needs (D) The maximum level of income beyond which one is considered wealthy

Ques: 5

Consider the following statements regarding ‘Poverty gap’:

It implies the gap between the rich and the poor.
It is a ratio that indicates how far, on average, individuals fall below the poverty line.
Which of the statements given above is/are correct?

(A) 1 only (B) 2 only (C) Both 1 and 2 (D) Neither 1 Nor 2

Terminologies related to poverty MCQs with Explanations

Practice MCQ Questions