General Studies · Statement and Assumptions
Given below is a statement followed by two assumptions numbered I and II. Consider the statement and decide which of the given assumptions is/are implicit in the statement. 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: I: If extra income were taken from the rich and given to the poor, the total utility experienced by the community would increase. II: Equal pay for equal work is the primary economic goal.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Neither I nor II is implicit
- 2Either I or II is implicit
- 3Only assumption II is implicit
- 4Only assumption I is implicit✓
Correct answer
Only assumption I is implicit
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