The word 'legacy' in the context means ________.

The correct answer is Option C (Inheritance).

Key Points:
• Core Language Concept Tested: The question primarily tests the candidate's understanding of vocabulary derived from contextual reading. Comprehending words within a specific passage is a crucial skill for advanced reading comprehension.
• Why the Correct Option is Right: The official answer key marks option 3 as correct. This is absolutely accurate. In the passage, it states "he received a share in a legacy which made it possible for him to return to school." In the English language, a 'legacy' refers to an amount of money or property left to someone in a will. Therefore, 'Inheritance' is the exact synonym and contextual equivalent for this word.
• Common Exam Traps and Pitfalls: MPSC often includes options that are tangentially related to money, such as 'Lottery' or 'Legal payment'. A common mistake candidates make here is associating sudden wealth with a lottery, completely ignoring the legal and familial implications of the word 'legacy' as an inheritance.
• Elimination of Incorrect Options: Looking at the other choices, a 'lottery' is a game of chance, not a legacy. 'Goodwill money' is an accounting or business term, and a 'legal payment' is too broad and does not capture the essence of inherited wealth. Thus, by a process of systematic elimination, we arrive safely at the correct choice.
• Preparation Strategy: For future exams, aspirants should expand their vocabulary by reading classical texts and understanding legal and financial terminologies commonly used in standard English literature.
• Key Takeaway: Remember: In standard English, a 'legacy' usually refers to money or property bequeathed to someone in a will, synonymous with inheritance.