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.Select the correct answer from the code given below:

1. A

   Only 1 and 2

   Option (a) claims that only absolute poverty and relative poverty are the correct types. This misses subjective poverty, which is also a recognized sociological framework for measuring living standards based on self-assessment.

2. B

   Only 1, 2 and 3

   Option (b) asserts that absolute poverty, relative poverty, and subjective poverty are the correct types of poverty recognized in economic and sociological studies. Absolute poverty measures the minimum requirement for basic needs, relative poverty compares income against the societal median, and subjective poverty relies on individuals' perceptions of their own financial adequacy. Because functional poverty is not a standard economic classification in this context, options 1, 2, and 3 form the accurate comprehensive set.

3. C

   Only 3 and 4

   Option (c) includes subjective poverty and functional poverty while omitting absolute and relative poverty. Absolute and relative poverty are foundational economic definitions, making this exclusion incorrect.

4. D

   Only 1 and 4

   Option (d) lists only absolute poverty and functional poverty, omitting relative poverty and subjective poverty. Since relative poverty is a standard macroeconomic metric, this option fails to capture the correct scope.

Summary. Official key is (b) Only 1, 2 and 3. Poverty is broadly categorized into absolute, relative, and subjective forms based on different economic and social evaluation criteria. Absolute poverty sets a fixed threshold for bare survival, relative poverty assesses inequality within a population, and subjective poverty evaluates individuals' personal feelings about their financial status. Functional poverty is not a standard classification recognized alongside these three dimensions. Thus, option (b) is the correct and comprehensive choice.