Question : Which one of the following is the most appropriate reason for inequalities in income ?

Option 1: Racial factors
Option 2: Lack of opportunities
Option 3: Inheritance from family environment
Option 4: Differences in ability

Question

Question : Which one of the following is the most appropriate reason for inequalities in income ?

Option 1: Racial factors

Option 2: Lack of opportunities

Option 3: Inheritance from family environment

Option 4: Differences in ability

Team Careers360 · Accepted Answer

Correct Answer: Lack of opportunities

Solution : The Correct Answer is- Lack of opportunities

There is a current income gap between classes because there was not enough employment created in a timely manner. The economic gap between the wealthy and the poor widens as more people lose their jobs. The high unemployment rate in India, which is still hovering around 6%, is evidence of this. The economist Joseph E. Stiglitz, a recipient of the Nobel Prize in economics, has demonstrated how a lack of opportunity increases inequality.

Popular Searches

Question : Which one of the following is the most appropriate reason for inequalities in income ?

Option 1: Racial factors
Option 2: Lack of opportunities
Option 3: Inheritance from family environment
Option 4: Differences in ability

Related Questions

Question : Select the most appropriate ANTONYM of the given word.

Meagre
Option 1: Regional
Option 2: Racial
Option 3: Stupid
Option 4: Generous

Question : The environment includes:
Option 1: Abiotic factors
Option 2: Biotic factors
Option 3: Oxygen and Nitrogen
Option 4: Abiotic and biotic factors

Question : The policy of racial discrimination followed in South Africa was called :
Option 1: Non- Aligned
Option 2: Civil Rights Movement
Option 3: Apartheid
Option 4: Suffrage

Question : Select the most appropriate one word for the expression given below.
Fear of heights.
Option 1: Agoraphobia
Option 2: Claustrophobia
Option 3: Acrophobia
Option 4: Homophobia

Question : Select the most appropriate ANTONYM of the underlined word in the following sentence.

The fields remained barren despite the efforts of the local administration and agricultural scientists.
Option 1: Sterile
Option 2: Unforgiving
Option 3: Damp
Option 4: Fertile

Know More about

Staff Selection Commission Combined High ...

Upcoming Exams

Download Careers360 App

All this at the convenience of your phone

Scan and download the app

Popular Searches

Question : Which one of the following is the most appropriate reason for inequalities in income ? Option 1: Racial factors Option 2: Lack of opportunities Option 3: Inheritance from family environment Option 4: Differences in ability

Related Questions

Question : Select the most appropriate ANTONYM of the given word. MeagreOption 1: RegionalOption 2: RacialOption 3: StupidOption 4: Generous

Question : The environment includes:Option 1: Abiotic factorsOption 2: Biotic factorsOption 3: Oxygen and NitrogenOption 4: Abiotic and biotic factors

Question : The policy of racial discrimination followed in South Africa was called :Option 1: Non- Aligned Option 2: Civil Rights Movement Option 3: Apartheid Option 4: Suffrage

Question : Select the most appropriate one word for the expression given below. Fear of heights.Option 1: AgoraphobiaOption 2: ClaustrophobiaOption 3: AcrophobiaOption 4: Homophobia

Question : Select the most appropriate ANTONYM of the underlined word in the following sentence. The fields remained barren despite the efforts of the local administration and agricultural scientists.Option 1: SterileOption 2: UnforgivingOption 3: DampOption 4: Fertile