People living in extreme poverty likely to fall in 2015: World Bank
Q. World Bank has projected that number of people living in extreme poverty is going to fall below which percentage of the world’s population in 2015?- Published on 06 Oct 15a. 6%
b. 7%
c. 8%
d. 10%
ANSWER: 10%
Number of persons living in extreme poverty will fall below 10% of the world’s population in 2015, according to World Bank’s revised benchmark for measuring the problem. The definition of extreme poverty is living on or less than USD 1.25 per day though the WB’s adjustment has set the poverty line at USD 1.90 per day. New data shows differences in cost of living across nations. World Bank projects 702 million persons or 9.6% of the world’s population will be in extreme poverty in 2015 down from 12.8% in 2012. Fall in poverty is an account of robust economic growth rates in emerging markets and investments in social, health and education safety nets. The bank has also said that half of those living in extreme poverty by 2020 will be from fragile, conflict ridden states.
