Q. 1 A4.4( 9 Votes )
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Poverty is the economic situation in which a person is not able to completely fulfil the minimum requirements needed to lead their life. It is mostly measured in terms of the poverty line. Poverty line represents the elementary, minimum income to acquire all the basic necessities. The National Sample Survey Organisation (NSSO) measures poverty according to the different standards and definitions are given by different committees. It was estimated to be 27.7% in 2004-05.
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