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?
Correct Answer: (c)
The correct answer is (c): Only one of Statement-II and Statement-III is correct and that explains Statement-I. Subject: Indian Economy | Sub-topic: National Income & Economic Growth Note: This answer was determined through AI-based research. Verify against the official answer key when available.