GEO 2026Q40
Q: 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
Answer pending verification