Methods of Poverty Alleviation And Eradication - SS3 Economics Past Questions & Answers - page 1

1

What is one method of poverty alleviation?

A

Access to healthcare

 

B

Access to luxury goods

C

Providing tax breaks to the wealthy

CORRECT OPTION: a
2

What is microfinance?

A

Providing small loans and financial services to people who lack access to traditional banking

B

Providing large loans to people with good credit scores

C

Providing tax breaks to large corporations

 

CORRECT OPTION: a
3

What is the impact of social safety nets?

A

They increase inequality

 

B

They reduce poverty and inequality

C

They have no impact on poverty

CORRECT OPTION: b
4

What is infrastructure development?

A

Improving infrastructure such as roads, bridges, and electricity

B

Decreasing funding for public services

C

Cutting taxes for the wealthy

 

CORRECT OPTION: a
5

What is the impact of empowering women?

A

It increases poverty

 

B

It reduces poverty and improves economic conditions

C

It has no impact on poverty

CORRECT OPTION: b
6

What is microfinance, and how does it help alleviate poverty?

Microfinance is the provision of small loans and financial services to people who lack access to traditional banking. It can help people start small businesses, generate income, and improve their economic situation.

 

7

How can infrastructure development help alleviate poverty?

Improving infrastructure such as roads, bridges, and electricity can help create jobs, increase economic growth, and improve living conditions, which can help alleviate poverty.

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