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A social phenomenon in which a section of the society is unable to fulfil even its basic necessities of life is called as
Unemployment
Poverty
Illiteracy
Inequality
None of the above
Poverty
Poverty is defined as a socio-economic state where individuals or households lack the financial resources to afford a minimum standard of living. It encompasses the inability to access basic necessities such as food, clean water, housing, clothing, and healthcare.
Poverty is defined as a socio-economic state where individuals or households lack the financial resources to afford a minimum standard of living. It encompasses the inability to access basic necessities such as food, clean water, housing, clothing, and healthcare.
The Tendulkar Committee (2009) and Rangarajan Committee (2014) are the primary benchmarks used by the Niti Aayog for estimating poverty in India based on the Multidimensional Poverty Index (MPI) framework.
Absolute poverty refers to the condition where income falls below a fixed, predetermined level required for basic survival.
Relative poverty is a measure of income inequality, comparing the bottom segment of the population to the national average.
The Multidimensional Poverty Index (MPI) includes health, education, and standard of living as key indicators beyond mere income.
The UN Sustainable Development Goal 1 (SDG 1) aims to 'End poverty in all its forms everywhere' by 2030.
Unemployment refers specifically to the status of being without a job while actively seeking one, which is a cause of poverty, not the definition of the state itself.
Inequality measures the disparity in the distribution of wealth or income among individuals, which may coexist with or exist independently of absolute poverty.
Illiteracy is a major socio-economic barrier that restricts human capital development and exacerbates the cycle of poverty.
B is correct тАФ Poverty represents the acute deprivation of basic human needs essential for survival and participation in society.
When studying Poverty, always cross-reference the Human Development Index (HDI) published by UNDP, as it correlates poverty rates with life expectancy and mean years of schooling.
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