

Statement and Assumption - Verbal and Reasoning
Directions to SolveIn each question below is given a statement followed by two assumptions numbered I and II. You have to consider the statement and the following assumptions and decide which of the assumptions is implicit in the statement.Give answer
- (A) If only assumption I is implicit
- (B) If only assumption II is implicit
- (C) If either I or II is implicit
- (D) If neither I nor II is implicit
- (E) If both I and II are implicit.
Q1: Statement: Equality of income throughout a community is the essential condition for maximising the total utility which the total income available could confer on the members of that community.
Assumptions:
A
Only assumption I is implicit
B
Only assumption II is implicit
C
Either I or II is implicit
D
Neither I nor II is implicit
E
Both I and II are implicit
ANS:A - Only assumption I is implicit Explanation: The total utility can be maximised by equality of income throughout the community, i.e., by giving extra income from the rich to the poor. So, I is implicit. Also, II pertains to economic right and is not concerned with equality of income throughout the community. So, it is not implicit. |


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