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The question below are based on the reasoning contained in brief statements or passages. For some questions, more than one of the choices could conceivably answer the question. However, you are to choose the best answer; that is, the response that most accurately and completely answers the question. You should not make assumptions that are by common sense standards implausible, superfluous, or incompatible with the passage.
An oligarchy is a government run by a small, conservative faction. Often, oligarchies consist of families such as the Royal family in Saudi Arabia. Like the Royal family in Saudi Arabia, no one person in an oligarchy has the power to make a particular investment. Therefore, risky investments are never made by oligarchies.
The conclusion of the argument is valid if which one of the following is assumed?
  • a)
    Not all oligarchies are run by families.
  • b)
    The Royal family in Saudi Arabia has never made a risky investment.
  • c)
    Conservative governments rarely make risky investments.
  • d)
    Only individuals make risky investments.
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
The question below are based on the reasoning contained in brief stat...
If risky investments are never made by oligarchies because no one person has the power to make a particular investment, then it must be the case that only individuals make risky investments. The answer is (D).
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Community Answer
The question below are based on the reasoning contained in brief stat...
Understanding the Argument
The passage states that an oligarchy, characterized by a conservative faction or families like the Royal family in Saudi Arabia, does not engage in risky investments because no single individual has the authority to make such decisions. The conclusion drawn is that oligarchies, by their nature, never engage in risky investments.
Assumption Analysis
To evaluate the argument's validity, we need to identify what must be true for the conclusion to hold. Let's analyze the provided options:
- Option A: Not all oligarchies are run by families.
This does not impact the conclusion. It does not negate the premise that oligarchies avoid risky investments.
- Option B: The Royal family in Saudi Arabia has never made a risky investment.
While this might support the conclusion, it does not universally apply to all oligarchies, thus it does not strengthen the argument.
- Option C: Conservative governments rarely make risky investments.
This suggests a trend but does not specifically assert that oligarchies do not make risky investments. It does not directly support the conclusion.
- Option D: Only individuals make risky investments.
This is the key assumption. If it is true that only individuals can make risky investments, then the assertion that oligarchies, which lack individual decision-making authority, do not make risky investments becomes valid.
Conclusion
Thus, the correctness of the argument hinges on the assumption that risky investments are solely within the purview of individuals, making option D the best answer.
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The question below are based on the reasoning contained in brief statements or passages. For some questions, more than one of the choices could conceivably answer the question. However, you are to choose the best answer; that is, the response that most accurately and completely answers the question. You should not make assumptions that are by common sense standards implausible, superfluous, or incompatible with the passage.An oligarchy is a government run by a small, conservative faction. Often, oligarchies consist of families such as the Royal family in Saudi Arabia. Like the Royal family in Saudi Arabia, no one person in an oligarchy has the power to make a particular investment. Therefore, risky investments are never made by oligarchies.The conclusion of the argument is valid if which one of the following is assumed?a)Not all oligarchies are run by families.b)The Royal family in Saudi Arabia has never made a risky investment.c)Conservative governments rarely make risky investments.d)Only individuals make risky investments.Correct answer is option 'D'. Can you explain this answer?
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The question below are based on the reasoning contained in brief statements or passages. For some questions, more than one of the choices could conceivably answer the question. However, you are to choose the best answer; that is, the response that most accurately and completely answers the question. You should not make assumptions that are by common sense standards implausible, superfluous, or incompatible with the passage.An oligarchy is a government run by a small, conservative faction. Often, oligarchies consist of families such as the Royal family in Saudi Arabia. Like the Royal family in Saudi Arabia, no one person in an oligarchy has the power to make a particular investment. Therefore, risky investments are never made by oligarchies.The conclusion of the argument is valid if which one of the following is assumed?a)Not all oligarchies are run by families.b)The Royal family in Saudi Arabia has never made a risky investment.c)Conservative governments rarely make risky investments.d)Only individuals make risky investments.Correct answer is option 'D'. Can you explain this answer? for CAT 2024 is part of CAT preparation. The Question and answers have been prepared according to the CAT exam syllabus. Information about The question below are based on the reasoning contained in brief statements or passages. For some questions, more than one of the choices could conceivably answer the question. However, you are to choose the best answer; that is, the response that most accurately and completely answers the question. You should not make assumptions that are by common sense standards implausible, superfluous, or incompatible with the passage.An oligarchy is a government run by a small, conservative faction. Often, oligarchies consist of families such as the Royal family in Saudi Arabia. Like the Royal family in Saudi Arabia, no one person in an oligarchy has the power to make a particular investment. Therefore, risky investments are never made by oligarchies.The conclusion of the argument is valid if which one of the following is assumed?a)Not all oligarchies are run by families.b)The Royal family in Saudi Arabia has never made a risky investment.c)Conservative governments rarely make risky investments.d)Only individuals make risky investments.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for CAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The question below are based on the reasoning contained in brief statements or passages. For some questions, more than one of the choices could conceivably answer the question. However, you are to choose the best answer; that is, the response that most accurately and completely answers the question. You should not make assumptions that are by common sense standards implausible, superfluous, or incompatible with the passage.An oligarchy is a government run by a small, conservative faction. Often, oligarchies consist of families such as the Royal family in Saudi Arabia. Like the Royal family in Saudi Arabia, no one person in an oligarchy has the power to make a particular investment. Therefore, risky investments are never made by oligarchies.The conclusion of the argument is valid if which one of the following is assumed?a)Not all oligarchies are run by families.b)The Royal family in Saudi Arabia has never made a risky investment.c)Conservative governments rarely make risky investments.d)Only individuals make risky investments.Correct answer is option 'D'. Can you explain this answer?.
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