New Enroll in our GIC Finance Online Course Here!

    Register

    Question

    Which kind of Poverty it is when People are stripped out

    of basic necessities due to earthquake?
    A Relative Poverty Correct Answer Incorrect Answer
    B Absolute Poverty Correct Answer Incorrect Answer
    C Situational Poverty Correct Answer Incorrect Answer
    D Urban Poverty Correct Answer Incorrect Answer
    E Rural Poverty Correct Answer Incorrect Answer

    Solution

    Situational is a temporary type of poverty based on occurrence of an adverse event like environmental disaster, job loss and severe health problem. The poverty caused by disasters like earthquakes, cyclones, pandemics, etc. is the example of Situational Poverty. People can be out of Situational Poverty with a small assistance, as lack of resources here is not the rule but exception.

    Practice Next

    Relevant for Exams: