QuestionEconomy / Poverty measurement
Consider the following statements about the Monthly Per Capita Expenditure (MPCE) in India :
Statement-I :
It is often criticised for being an incomplete criterion for measuring poverty.
Statement-II :
It does not differentiate between the very poor and the other poor (transient poor).
Statement-III :
It takes expenditure on food and a few select items as proxy for income.
Which one of the following is correct in respect of the above statements?
- (a) Both Statement-II and Statement-III are correct and both of them explain Statement-I
- (b) Both Statement-II and Statement-III are correct but only one of them explains Statement-I
- (c) Only one of Statement-II and Statement-III is correct and that explains Statement-I
- (d) Neither Statement-II nor Statement-III is correct
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