Correct Option
The correct option is (d).
Explanation
The Assets indicator, which is one of the 10 indicators used to calculate the Global Multidimensional Poverty Index (MPI). This indicator falls under the dimension of Standard of Living. The MPI assesses deprivation at the household level based on specific criteria.
Statement-wise Analysis:
According to the standard MPI methodology (used by UNDP and OPHI), a household is considered deprived in the Assets indicator if:
- It does not own a car or truck, AND
- It does not own more than one of the following small assets: radio, TV, telephone, computer, animal cart, bicycle, motorbike, or refrigerator.
Conversely, a household is not deprived if it owns a car/truck OR if it owns more than one (i.e., two or more) of the listed small assets.
- Statement 1 is Correct: The household owns a bicycle and a radio. This counts as two small assets. Since they own "more than one" of the listed assets, they are not deprived, even without owning a car.
- Statement 2 is Correct: The household owns only a mobile phone (which counts as a telephone). This is exactly one small asset. Since they do not own "more than one" small asset and do not own a car, they meet the criteria for deprivation.
- Statement 3 is Correct: Owning a car or truck is a sufficient condition to be considered not deprived in the Assets indicator, regardless of whether the household owns any other small assets (like a radio or TV).
Key Takeaway:
In the MPI Assets indicator, deprivation occurs only if a household lacks a major vehicle (car/truck) AND possesses fewer than two items from the specified list of small assets.