The correct option is (c) 1 and 3 only.
Explanation
Vulnerability to poverty is a measure that describes the dynamic nature of poverty. Unlike income poverty, which assesses the current status of an individual, vulnerability assesses the risk or probability of an individual or community falling into poverty or remaining poor in the future due to various adverse events.
Statement-wise Analysis:
- Statement 1 is Correct: Vulnerability specifically describes the greater probability of certain communities (such as backward castes) or individuals (such as widows or persons with disabilities) becoming or remaining poor in the coming years. It focuses on the likelihood of future deprivation.
- Statement 2 is Incorrect: Vulnerability is not determined solely by the lack of income at a specific point in time. It is determined by the options available to different communities for finding an alternative livelihood in terms of assets, education, health, and job opportunities. While income is a factor, vulnerability encompasses a broader range of social and economic assets.
- Statement 3 is Correct: The concept involves analyzing the ability of groups to handle risks and shocks. It assesses the resilience of individuals against external factors such as natural disasters (earthquakes, floods), economic downturns, or health crises.
Key Takeaway:
Vulnerability is a forward-looking concept that measures the risk of poverty, whereas standard poverty measures are static and assess the current state of deprivation.