General Studies · Statement and Assumptions
In the question given below, there is 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/are implicit in the statement: Statement: Equality of income throughout a community is the essential condition for maximizing the total utility which can provide total available income to the members of that community. Assumptions: (I) If extra incomes 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.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Neither I nor II is implicit
- 2Only assumption II is implicit
- 3Both assumptions I and II are implicit
- 4Only assumption I is implicit✓
Correct answer
Only assumption I is implicit
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