Question: Given below are two statements: Statement I: According to a World Bank working paper, extreme poverty in India dropped to 10.2% in the pre-Covid year of 2019 from as much as 22.5% in 2011. Statement II: The paper uses the Consumer Pyramids Household Survey (CPHS) to provide estimates of how poverty and inequality in India have evolved since 2011. In the light of the above statements, choose the most appropriate answer from the options given below:
Options:
(A) Both Statement I and Statement II are correct
(B) Both Statement I and Statement II are incorrect
(C) Statement I is correct and Statement II is incorrect
(D) Statement I is incorrect and Statement II is correct
Answer: A