With reference to poverty estimations, “poverty gap” refers to the difference between:
1. the level of consumption of households below poverty line (BPL) and above poverty line (APL)
2. the number of households in BPL and APL categories
3. the amount of cash needed to lift a BPL household above the poverty line
Select the correct option from the codes given below:

Answer: [C] Only 1 & 3

Poverty gap is the amount of cash required for a household to lift it above the poverty line. It is the difference in the level of consumption of  the households below the poverty line and those on the line.

This question is a part of GKToday's Integrated IAS General Studies Module