Challenger App

No.1 PSC Learning App

1M+ Downloads
Income inequality differs from economic inequality because it specifically refers to:

ADifferences in social class due to family background

BUnequal development of income among individuals with similar qualifications and work capacity

CDisparities due to caste and gender roles

DOwnership of physical and natural resources

Answer:

B. Unequal development of income among individuals with similar qualifications and work capacity

Read Explanation:

  • Income inequality is narrower, highlighting differences among individuals with similar potential and qualifications, unlike broader economic inequality.


Related Questions:

The 'Saubhagya' scheme was primarily launched to achieve:

Identify the incorrect statement regarding knowledge transformation in Kerala.

  1. Knowledge transformation is achieved through knowledge-based co-creation.
  2. The process involves static, non-dynamic partnerships.
  3. It leads to employment and wealth creation in an ecologically sustainable way.
  4. Local Self Governments (LSGs) represent civil society in this co-creation.

    Which of the following statements accurately defines poverty?

    1. Poverty is a social phenomenon in which a section of society is unable to fulfill even its basic necessities of life.
    2. Poverty is primarily an individual's inability to manage finances, irrespective of societal factors.
    3. Poverty refers to the state of having limited access to luxury goods and services.
      What is the primary purpose of the Maintenance Fund allotted to Kerala’s Local Governments?
      Which of the following industries comes under the MSME sector in Kerala?