Question

Which of the following is/are the type/s of poverty?

(1) Absolute poverty
(2) Relative poverty
(3) Subjective poverty
(4) Functional poverty

Choose the correct answer using the code given below—

  1. Only 1 and 2
  2. Only 3 and 4
  3. Only 1, 2 and 3
  4. Only 1 and 4

Answer:

Option C: Only 1, 2 and 3

Detailed Solution:

The correct answer is “Only 1, 2 and 3”.

Absolute poverty, relative poverty, and subjective poverty are recognized types of poverty, while functional poverty is not commonly classified as a distinct type.