Q. As per the Lakdawala Formula , which among the following is accepted to estimate “urban poverty”?
Answer: Consumer price Index for industrial labors
Notes: Till as recently as 2011, the official poverty lines were based entirely on the recommendations of the Lakdawala Formulae. The committee used CPI-IL (Consumer Price Index for Industrial Laborers) and CPI- AL (Consumer Price Index for Agricultural Laborers) for estimation of the poverty line.

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