Question

Given below are two statements :
Statement I : According to the World Inequality Report 2022, in India the top 1% of the population hold more than one-fifth of the total income in 2021 and bottom half just 13%.
Statement II : According to the World Inequality Report 2022, in India female labour income share is equal to 18% which is significantly lower than the average in Asia.
In the light of above statements, choose the most appropriate answer from the options given below :

• A. Both Statement I and Statement II are true
• B. Both Statement I and Statement II are false
• C. Statement I is true but Statement II is false
• D. Statement I is false but Statement II is true

Answer 1

Answer: (A)

Both Statement I and Statement II are true

Answer 2

The correct option is (A) :Both Statement I and Statement II are true.