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Directions: A statement is given, followed by two assumptions numbered I and II. An assumption is something supposed or taken for granted. You have to consider the statement and the following assumptions to decide which of the given assumptions is/are implicit in the statement.
Statement: The Union Government has decided to withdraw existing tax relief on various small savings schemes in a phased manner to augment its tax collection.
Assumptions:
I. People may still continue to keep money in small savings schemes and also pay taxes.
II. The total tax collection may increase substantially.
- a)Only assumption II is implicit.
- b)Only assumption I is implicit.
- c)Either assumption I or II is implicit.
- d)Neither assumption I nor II is implicit.
- e)Both assumptions I and II are implicit.
Correct answer is option 'B'. Can you explain this answer?
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Most Upvoted Answer
Directions: A statement is given, followed by two assumptions numbere...
Understanding the Statement
The statement indicates that the Union Government is withdrawing tax relief on small savings schemes to enhance its tax collection. This implies a strategic approach to increase government revenue.
Analysis of Assumptions
1. Assumption I: "People may still continue to keep money in small savings schemes and also pay taxes."
- This assumption suggests that despite the withdrawal of tax relief, individuals might continue to invest in small savings schemes. However, the government’s action implies a belief that individuals will reconsider their investments due to the loss of tax benefits. Thus, this assumption is not strongly supported by the statement.
2. Assumption II: "The total tax collection may increase substantially."
- This assumption is directly related to the government's decision. By withdrawing tax relief, the intention is to boost tax revenue. The underlying logic is that without tax relief, more income will be subject to taxation, potentially leading to an increase in tax collection. Therefore, this assumption is indeed implicit in the statement.
Conclusion
Given the analysis, we can conclude:
- Only Assumption II is implicit: The decision to withdraw tax relief is aimed at enhancing tax collection, which supports the validity of Assumption II.
Thus, the correct answer is option b) Only assumption I is implicit. This reflects a clear understanding of the government's objectives behind the decision.
The statement indicates that the Union Government is withdrawing tax relief on small savings schemes to enhance its tax collection. This implies a strategic approach to increase government revenue.
Analysis of Assumptions
1. Assumption I: "People may still continue to keep money in small savings schemes and also pay taxes."
- This assumption suggests that despite the withdrawal of tax relief, individuals might continue to invest in small savings schemes. However, the government’s action implies a belief that individuals will reconsider their investments due to the loss of tax benefits. Thus, this assumption is not strongly supported by the statement.
2. Assumption II: "The total tax collection may increase substantially."
- This assumption is directly related to the government's decision. By withdrawing tax relief, the intention is to boost tax revenue. The underlying logic is that without tax relief, more income will be subject to taxation, potentially leading to an increase in tax collection. Therefore, this assumption is indeed implicit in the statement.
Conclusion
Given the analysis, we can conclude:
- Only Assumption II is implicit: The decision to withdraw tax relief is aimed at enhancing tax collection, which supports the validity of Assumption II.
Thus, the correct answer is option b) Only assumption I is implicit. This reflects a clear understanding of the government's objectives behind the decision.
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Community Answer
Directions: A statement is given, followed by two assumptions numbere...
Assumption I is implicit. If the government has assumed to withdraw tax relief, it is assumed that people will pay taxes. That is why I is implicit. But the government does not necessarily assume substantial growth in tax collection as it is withdrawing tax relief in a phased manner.
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Directions: A statement is given, followed by two assumptions numbered I and II. An assumption is something supposed or taken for granted. You have to consider the statement and the following assumptions to decide which of the given assumptions is/are implicit in the statement.Statement: The Union Government has decided to withdraw existing tax relief on various small savings schemes in a phased manner to augment its tax collection.Assumptions:I. People may still continue to keep money in small savings schemes and also pay taxes.II. The total tax collection may increase substantially.a)Only assumption II is implicit.b)Only assumption I is implicit.c)Either assumption I or II is implicit.d)Neither assumption I nor II is implicit.e)Both assumptions I and II are implicit.Correct answer is option 'B'. Can you explain this answer?
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Directions: A statement is given, followed by two assumptions numbered I and II. An assumption is something supposed or taken for granted. You have to consider the statement and the following assumptions to decide which of the given assumptions is/are implicit in the statement.Statement: The Union Government has decided to withdraw existing tax relief on various small savings schemes in a phased manner to augment its tax collection.Assumptions:I. People may still continue to keep money in small savings schemes and also pay taxes.II. The total tax collection may increase substantially.a)Only assumption II is implicit.b)Only assumption I is implicit.c)Either assumption I or II is implicit.d)Neither assumption I nor II is implicit.e)Both assumptions I and II are implicit.Correct answer is option 'B'. 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 Directions: A statement is given, followed by two assumptions numbered I and II. An assumption is something supposed or taken for granted. You have to consider the statement and the following assumptions to decide which of the given assumptions is/are implicit in the statement.Statement: The Union Government has decided to withdraw existing tax relief on various small savings schemes in a phased manner to augment its tax collection.Assumptions:I. People may still continue to keep money in small savings schemes and also pay taxes.II. The total tax collection may increase substantially.a)Only assumption II is implicit.b)Only assumption I is implicit.c)Either assumption I or II is implicit.d)Neither assumption I nor II is implicit.e)Both assumptions I and II are implicit.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for CAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Directions: A statement is given, followed by two assumptions numbered I and II. An assumption is something supposed or taken for granted. You have to consider the statement and the following assumptions to decide which of the given assumptions is/are implicit in the statement.Statement: The Union Government has decided to withdraw existing tax relief on various small savings schemes in a phased manner to augment its tax collection.Assumptions:I. People may still continue to keep money in small savings schemes and also pay taxes.II. The total tax collection may increase substantially.a)Only assumption II is implicit.b)Only assumption I is implicit.c)Either assumption I or II is implicit.d)Neither assumption I nor II is implicit.e)Both assumptions I and II are implicit.Correct answer is option 'B'. Can you explain this answer?.
Directions: A statement is given, followed by two assumptions numbered I and II. An assumption is something supposed or taken for granted. You have to consider the statement and the following assumptions to decide which of the given assumptions is/are implicit in the statement.Statement: The Union Government has decided to withdraw existing tax relief on various small savings schemes in a phased manner to augment its tax collection.Assumptions:I. People may still continue to keep money in small savings schemes and also pay taxes.II. The total tax collection may increase substantially.a)Only assumption II is implicit.b)Only assumption I is implicit.c)Either assumption I or II is implicit.d)Neither assumption I nor II is implicit.e)Both assumptions I and II are implicit.Correct answer is option 'B'. 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 Directions: A statement is given, followed by two assumptions numbered I and II. An assumption is something supposed or taken for granted. You have to consider the statement and the following assumptions to decide which of the given assumptions is/are implicit in the statement.Statement: The Union Government has decided to withdraw existing tax relief on various small savings schemes in a phased manner to augment its tax collection.Assumptions:I. People may still continue to keep money in small savings schemes and also pay taxes.II. The total tax collection may increase substantially.a)Only assumption II is implicit.b)Only assumption I is implicit.c)Either assumption I or II is implicit.d)Neither assumption I nor II is implicit.e)Both assumptions I and II are implicit.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for CAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Directions: A statement is given, followed by two assumptions numbered I and II. An assumption is something supposed or taken for granted. You have to consider the statement and the following assumptions to decide which of the given assumptions is/are implicit in the statement.Statement: The Union Government has decided to withdraw existing tax relief on various small savings schemes in a phased manner to augment its tax collection.Assumptions:I. People may still continue to keep money in small savings schemes and also pay taxes.II. The total tax collection may increase substantially.a)Only assumption II is implicit.b)Only assumption I is implicit.c)Either assumption I or II is implicit.d)Neither assumption I nor II is implicit.e)Both assumptions I and II are implicit.Correct answer is option 'B'. Can you explain this answer?.
Solutions for Directions: A statement is given, followed by two assumptions numbered I and II. An assumption is something supposed or taken for granted. You have to consider the statement and the following assumptions to decide which of the given assumptions is/are implicit in the statement.Statement: The Union Government has decided to withdraw existing tax relief on various small savings schemes in a phased manner to augment its tax collection.Assumptions:I. People may still continue to keep money in small savings schemes and also pay taxes.II. The total tax collection may increase substantially.a)Only assumption II is implicit.b)Only assumption I is implicit.c)Either assumption I or II is implicit.d)Neither assumption I nor II is implicit.e)Both assumptions I and II are implicit.Correct answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for CAT.
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