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DIRECTION: In the question below is given a statement followed by three assumptions numbered I, II and III. You have to consider the statement and the following assumptions, decide which of the assumptions is implicit in the statement and choose your answer accordingly.
Statement: In order to reduce the gap between income and expenditure, the company has decided to increase the price of its product from next month.
Assumptions: I. The rate will remain more or less same after the increase.
II. The expenditure will more or less remain the same in near future.
III. The rival companies will also increase the price of the similar product.
II. The expenditure will more or less remain the same in near future.
III. The rival companies will also increase the price of the similar product.
- a)Only I and II are implicit
- b)Only II and III are implicit
- c)Only III is implicit
- d)None of these
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
DIRECTION: In thequestion below is given a statement followed by three...
Clearly, the company intends to reduce the gap between income and expenditure by increasing the price of its product i.e. by keeping the expenditure unaltered and increasing the income only. So, II is implicit while I is not. However, the rival companies may or may not follow the same pursuit.
So, III is not implicit.
So, III is not implicit.
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DIRECTION: In thequestion below is given a statement followed by three...
Understanding the Statement
The statement indicates that a company plans to increase the price of its product to bridge the gap between income and expenditure. This implies a strategic decision aimed at improving financial health.
Analyzing the Assumptions
To determine which assumptions are implicit, we need to evaluate their relevance to the statement:
Assumption I: The rate will remain more or less the same after the increase.
- This assumption suggests that the price increase will not lead to further fluctuations. However, the statement does not provide any information about the stability of prices after the increase. Thus, this assumption is not implicit.
Assumption II: The expenditure will more or less remain the same in the near future.
- The statement does not specifically mention anything about future expenditures. The decision to raise prices could be influenced by various factors, including potential changes in expenditure. Therefore, this assumption is also not implicit.
Assumption III: The rival companies will also increase the price of the similar product.
- This assumption implies a market reaction that is not mentioned in the statement. The increase in price could be a strategic move, but there is no indication that competitors will follow suit. Thus, this assumption is not supported by the statement.
Conclusion
Based on the analysis, none of the assumptions can be considered implicit in the statement. The correct answer is option 'D' - None of these. The statement stands alone in its reasoning without relying on the assumptions provided.
The statement indicates that a company plans to increase the price of its product to bridge the gap between income and expenditure. This implies a strategic decision aimed at improving financial health.
Analyzing the Assumptions
To determine which assumptions are implicit, we need to evaluate their relevance to the statement:
Assumption I: The rate will remain more or less the same after the increase.
- This assumption suggests that the price increase will not lead to further fluctuations. However, the statement does not provide any information about the stability of prices after the increase. Thus, this assumption is not implicit.
Assumption II: The expenditure will more or less remain the same in the near future.
- The statement does not specifically mention anything about future expenditures. The decision to raise prices could be influenced by various factors, including potential changes in expenditure. Therefore, this assumption is also not implicit.
Assumption III: The rival companies will also increase the price of the similar product.
- This assumption implies a market reaction that is not mentioned in the statement. The increase in price could be a strategic move, but there is no indication that competitors will follow suit. Thus, this assumption is not supported by the statement.
Conclusion
Based on the analysis, none of the assumptions can be considered implicit in the statement. The correct answer is option 'D' - None of these. The statement stands alone in its reasoning without relying on the assumptions provided.
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DIRECTION: In thequestion below is given a statement followed by three assumptions numbered I, II and III. You have to consider the statement and the following assumptions, decide which of the assumptions is implicit in the statement and choose your answer accordingly.Statement: In order to reduce the gap between income and expenditure, the company has decided to increase the price of its product from next month.Assumptions: I. The rate will remain more or less same after the increase.II. The expenditure will more or less remain the same in near future.III. The rival companies will also increase the price of the similar product.a)Only I and II are implicitb)Only II and III are implicitc)Only III is implicitd)None of theseCorrect answer is option 'D'. Can you explain this answer?
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DIRECTION: In thequestion below is given a statement followed by three assumptions numbered I, II and III. You have to consider the statement and the following assumptions, decide which of the assumptions is implicit in the statement and choose your answer accordingly.Statement: In order to reduce the gap between income and expenditure, the company has decided to increase the price of its product from next month.Assumptions: I. The rate will remain more or less same after the increase.II. The expenditure will more or less remain the same in near future.III. The rival companies will also increase the price of the similar product.a)Only I and II are implicitb)Only II and III are implicitc)Only III is implicitd)None of theseCorrect answer is option 'D'. Can you explain this answer? for JEE 2025 is part of JEE preparation. The Question and answers have been prepared according to the JEE exam syllabus. Information about DIRECTION: In thequestion below is given a statement followed by three assumptions numbered I, II and III. You have to consider the statement and the following assumptions, decide which of the assumptions is implicit in the statement and choose your answer accordingly.Statement: In order to reduce the gap between income and expenditure, the company has decided to increase the price of its product from next month.Assumptions: I. The rate will remain more or less same after the increase.II. The expenditure will more or less remain the same in near future.III. The rival companies will also increase the price of the similar product.a)Only I and II are implicitb)Only II and III are implicitc)Only III is implicitd)None of theseCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for JEE 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for DIRECTION: In thequestion below is given a statement followed by three assumptions numbered I, II and III. You have to consider the statement and the following assumptions, decide which of the assumptions is implicit in the statement and choose your answer accordingly.Statement: In order to reduce the gap between income and expenditure, the company has decided to increase the price of its product from next month.Assumptions: I. The rate will remain more or less same after the increase.II. The expenditure will more or less remain the same in near future.III. The rival companies will also increase the price of the similar product.a)Only I and II are implicitb)Only II and III are implicitc)Only III is implicitd)None of theseCorrect answer is option 'D'. Can you explain this answer?.
DIRECTION: In thequestion below is given a statement followed by three assumptions numbered I, II and III. You have to consider the statement and the following assumptions, decide which of the assumptions is implicit in the statement and choose your answer accordingly.Statement: In order to reduce the gap between income and expenditure, the company has decided to increase the price of its product from next month.Assumptions: I. The rate will remain more or less same after the increase.II. The expenditure will more or less remain the same in near future.III. The rival companies will also increase the price of the similar product.a)Only I and II are implicitb)Only II and III are implicitc)Only III is implicitd)None of theseCorrect answer is option 'D'. Can you explain this answer? for JEE 2025 is part of JEE preparation. The Question and answers have been prepared according to the JEE exam syllabus. Information about DIRECTION: In thequestion below is given a statement followed by three assumptions numbered I, II and III. You have to consider the statement and the following assumptions, decide which of the assumptions is implicit in the statement and choose your answer accordingly.Statement: In order to reduce the gap between income and expenditure, the company has decided to increase the price of its product from next month.Assumptions: I. The rate will remain more or less same after the increase.II. The expenditure will more or less remain the same in near future.III. The rival companies will also increase the price of the similar product.a)Only I and II are implicitb)Only II and III are implicitc)Only III is implicitd)None of theseCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for JEE 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for DIRECTION: In thequestion below is given a statement followed by three assumptions numbered I, II and III. You have to consider the statement and the following assumptions, decide which of the assumptions is implicit in the statement and choose your answer accordingly.Statement: In order to reduce the gap between income and expenditure, the company has decided to increase the price of its product from next month.Assumptions: I. The rate will remain more or less same after the increase.II. The expenditure will more or less remain the same in near future.III. The rival companies will also increase the price of the similar product.a)Only I and II are implicitb)Only II and III are implicitc)Only III is implicitd)None of theseCorrect answer is option 'D'. Can you explain this answer?.
Solutions for DIRECTION: In thequestion below is given a statement followed by three assumptions numbered I, II and III. You have to consider the statement and the following assumptions, decide which of the assumptions is implicit in the statement and choose your answer accordingly.Statement: In order to reduce the gap between income and expenditure, the company has decided to increase the price of its product from next month.Assumptions: I. The rate will remain more or less same after the increase.II. The expenditure will more or less remain the same in near future.III. The rival companies will also increase the price of the similar product.a)Only I and II are implicitb)Only II and III are implicitc)Only III is implicitd)None of theseCorrect answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for JEE.
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DIRECTION: In thequestion below is given a statement followed by three assumptions numbered I, II and III. You have to consider the statement and the following assumptions, decide which of the assumptions is implicit in the statement and choose your answer accordingly.Statement: In order to reduce the gap between income and expenditure, the company has decided to increase the price of its product from next month.Assumptions: I. The rate will remain more or less same after the increase.II. The expenditure will more or less remain the same in near future.III. The rival companies will also increase the price of the similar product.a)Only I and II are implicitb)Only II and III are implicitc)Only III is implicitd)None of theseCorrect answer is option 'D'. Can you explain this answer?, a detailed solution for DIRECTION: In thequestion below is given a statement followed by three assumptions numbered I, II and III. You have to consider the statement and the following assumptions, decide which of the assumptions is implicit in the statement and choose your answer accordingly.Statement: In order to reduce the gap between income and expenditure, the company has decided to increase the price of its product from next month.Assumptions: I. The rate will remain more or less same after the increase.II. The expenditure will more or less remain the same in near future.III. The rival companies will also increase the price of the similar product.a)Only I and II are implicitb)Only II and III are implicitc)Only III is implicitd)None of theseCorrect answer is option 'D'. Can you explain this answer? has been provided alongside types of DIRECTION: In thequestion below is given a statement followed by three assumptions numbered I, II and III. You have to consider the statement and the following assumptions, decide which of the assumptions is implicit in the statement and choose your answer accordingly.Statement: In order to reduce the gap between income and expenditure, the company has decided to increase the price of its product from next month.Assumptions: I. The rate will remain more or less same after the increase.II. The expenditure will more or less remain the same in near future.III. The rival companies will also increase the price of the similar product.a)Only I and II are implicitb)Only II and III are implicitc)Only III is implicitd)None of theseCorrect answer is option 'D'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice DIRECTION: In thequestion below is given a statement followed by three assumptions numbered I, II and III. You have to consider the statement and the following assumptions, decide which of the assumptions is implicit in the statement and choose your answer accordingly.Statement: In order to reduce the gap between income and expenditure, the company has decided to increase the price of its product from next month.Assumptions: I. The rate will remain more or less same after the increase.II. The expenditure will more or less remain the same in near future.III. The rival companies will also increase the price of the similar product.a)Only I and II are implicitb)Only II and III are implicitc)Only III is implicitd)None of theseCorrect answer is option 'D'. Can you explain this answer? tests, examples and also practice JEE tests.
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