Question

Assertion (A): The majority of people in India have little or no assets in the form of land, houses, fixed deposits.

Reason (R): Inequalities in the distribution income and wealth is one of major reason behind Indian poverty.

Options

• Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of Assertion (A).

• Both Assertion (A) and Reason (R) are true, and Reason (R) is not the correct explanation of Assertion (A).

• Assertion (A) is true, but Reason (R) is false.

• Assertion (A) is false, but Reason (R) is true.

Answer 1

Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of Assertion (A).

Explanation:

• The majority of people in India have little or no assets such as land, houses, or fixed deposits.
• This is mainly because of the unequal distribution of income and wealth.
• Inequalities in income and wealth mean that only a small percentage of people control most of the assets, leaving many with little or no property or savings.
• This unequal distribution contributes significantly to poverty in India, as many people lack the necessary resources to improve their living standards.