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What is meant by the term ‘meritocracy’?

A. People achieving via merit
B. Fraud
C. Nepotism
D. None of these
Correct Answer: A. People achieving via merit

Meritocracy means a system where individuals achieve success and advancement based on their abilities and efforts, or 'merit'. It contrasts with systems based on wealth, social status, or connections. Fraud and nepotism are practices that undermine the principles of meritocracy.

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