Question

Consider the following statements: Which one of the following is correct in respect of the below statements?

1. India's poverty is measured based on calorie intake.
2. Economic development is a purely quantitative measure.

• A. 2 only correct
• B. All are correct
• C. 1, 2 correct
• D. 1 only correct

Answer 1

Answer:

D. 1 only correct

Challenges facing development in India

• Poverty is the most important challenge facing development in India.

• According to estimates prepared by the Mangarajan Panel for the Planning Commission, India's population below the poverty line in 2011-2012 was 29.5%.

• In India, poverty is measured on the basis of calories.

Economic development

► Improvement in quality of life.

► Measures physical quality of life index and human development index.

► Indicates qualitative change.

► Emphasis on economic and social factors.

► Economic development occurs over a long period of time