World Bank report outlines that Extreme Poverty Declined

Current Context: Amid rising per capita income, the debate around decadal poverty alleviation has caught pace. India is, however, trapped in a Middle-income trap.

• As per Economic Survey 2021, poverty in India stands at 21.9 % suggesting around 25 crore people are still below the poverty line. The poverty line is decided as per Rangarajan committee numbers, Rs 47 and Rs 32 per day for urban and rural person respectively.
• World Bank data suggests that in the last decade India has been able to reduce the BPL number to 12.3%.
• Rising population above the poverty line is a result of India's growing economy, literacy and employment numbers .
• The report also finds out that farmers with small landholdings have seen a jump of 10 % in 2021 against 2 % in 2013. This is in line with the government's vision of doubling farmers' income by 2022, as outlined by the Ashok Dalwai committee.

Question:

Q.1 What is the decadal reduction in poverty in India, as per the recent World Bank report?
a. 12.3%
b. 12.2%
c. 13.3%
d. 13.2%