ECONOMICS
INCOME DISTRIBUTION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Not everybody having financial assets
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Everybody having equal values of financial assets
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Either A or B
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None of the above
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Detailed explanation-1: -Some of key factors behind the increase in within-country income inequality noted in the literature include technological progress, globalization, commodity price cycles, and domestic economic policies such as redistributive fiscal policies, labor and product market policies.
Detailed explanation-2: -Which one is not the major cause of income inequality in India? a)Unequal distribution of landb)Lack of fertile landc)Gap between the rich and the poord)Increase in populationCorrect answer is option ‘B’.
Detailed explanation-3: -Among the given options lack of fertile land cannot be considered as the reason for income inequalities.
Detailed explanation-4: -Poverty and social discrimination are the main reasons for inequality.