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| 1. |
What is the uniform standard norm used by the World Bank to define poverty? |
| Answer» The updated uniform standard used by World bank for poverty line is the minimum amount of 1.90 dollars / day.\tThe minimal income of a person on a daily basis in a\xa0specific country\xa0is considered as the\xa0poverty line.\tThe amount that defines this line is used to\xa0compare countries\xa0that are developing.\tThe amount of poverty line updated in 2015, October by\xa0World Bank is of 1.90 dollars\xa0per day globally.\tThis depicts the observation of UNO that the falling of poverty line is seen from\xa080 percent to 10 percent\xa0in 2015.\tThe estimated people living in poverty by\xa0UNO is of 735 million. | |