If women are kept away from financial decisions by assuming they cannot handle risk, what bias is this?
Answer and explanation
Correct answer: Gender bias in financial decision-making
Assuming that women are less able to understand or manage financial risk solely because of their gender is gender bias in financial decision-making. It ignores an individual’s actual knowledge, experience, and competence. Complete financial inclusion is the opposite: it ensures equal access and participation in financial decisions. Exam tip: When ability is judged on the basis of gender rather than evidence, identify it as gender bias or gender stereotyping.
Frequently asked questions
What is the correct answer to this question?
Gender bias in financial decision-making
Why is this the correct answer?
Assuming that women are less able to understand or manage financial risk solely because of their gender is gender bias in financial decision-making. It ignores an individual’s actual knowledge, experience, and competence. Complete financial inclusion is the opposite: it ensures equal access and participation in financial decisions. Exam tip: When ability is judged on the basis of gender rather than evidence, identify it as gender bias or gender stereotyping.
Which subject and chapter does this question cover?
This is a Class 11 Home Science question. Chapter: Work, Livelihood and Career. Topic: Gender issues related to work.
