12th Class Economics Poverty Question Bank MCQs - Poverty

  • question_answer
    Which of the following pair is incorrectly matched?
    Column A Column B
    A. Poverty line (i) Line of demarcation between the rich and the poor
    B. Poverty (ii) Unable to satisfy conspicuous consumption but can meet basic necessities of life
    C. Debt Trap (iii) Usually arises due to higher interest rates or change in terms and conditions of the debt incurred
    D. Moneylenders (iv) Usually charges very high rate of interest
    Codes

    A) A-(i)

    B) B-(ii)

    C) C-(iii)

    D) D-(iv)

    Correct Answer: A

    Solution :

    Poverty is a situation when a person is unable to meet even the basic necessities of life such as food, clothing, shelter etc.


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