The population of India according to their economic status is generally divided into ______ groups.
Show answer & explanation
Correct answer: A
Explanation
Correct Answer:
Option 1: 3
Explanation:
The population of India is generally divided into three groups based on economic status—upper class, middle class, and lower class. This classification is based on income, standard of living, and consumption patterns.
Additional Facts:
Option 2: Division into six groups is not standard.
Option 3: Division into seven groups is not commonly used.
Option 4: Division into five groups is not a standard classification.
Probable Exam Questions:
Q: What are the bases of economic classification?
A: Income, consumption, and standard of living
Q: What is the middle class?
A: People with average income and living standards
Q: Who determines the poverty line in India?
A: NITI Aayog
Q: What is economic inequality?
A: Difference in income and wealth