Question

Read the following passage carefully and answer the given questions. Certain words/phrases are given in bold to help you locate them while answering some of the questions.
What does the author mean by the phrase "the transformation has led to a stark financial polarisation", as used in the passage?

• A. The deterioration of social norms has benefited only the wealthy and the knowledgeable while the vulnerable class of people has fallen into a debt trap.
• B. Since moral inhibitions no longer exist, the debt agents provide loans only to the affluent class, thus widening the gap between the rich and the poor.
• C. The debt culture is being utilised as a measure to draw money from the wealthy class by credit card companies.
• D. A and B
• E. None of the above.

Answer 1

The correct option is E None of the above.

None of the above.