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 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.Correct answer is option 'B'. Can you explain this answer?

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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.

Correct answer is option 'B'. Can you explain this answer?

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Directions: A statement is given followed by two assumptions numbered...

Assumptions Analysis:

Assumptions are statements that are taken for granted in the given statement. Let's analyze the assumptions provided:

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, people may still choose to invest in small savings schemes and comply with paying taxes. It implies that individuals value the security and benefits offered by these schemes enough to continue their investments.

II. The total tax collection may increase substantially.
This assumption indicates that the government's decision to withdraw tax relief on small savings schemes is aimed at boosting tax collection. It assumes that this move will lead to a significant increase in overall tax revenue for the government.

Analysis and Conclusion:
The statement mentions that the government is withdrawing tax relief on small savings schemes to enhance tax collection. While assumption II directly aligns with this objective, assumption I is not necessarily implicit. People may opt to withdraw their investments from small savings schemes if tax benefits are removed, leading to a decrease in savings in such schemes. Therefore, only assumption II is implicit in the given statement.

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Directions: A statement is given followed by two assumptions numbered...

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 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.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 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.Correct answer is option 'B'. Can you explain this answer? for SSC CGL 2024 is part of SSC CGL preparation. The Question and answers have been prepared according to the SSC CGL 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 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.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for SSC CGL 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 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.Correct answer is option 'B'. Can you explain this answer?.

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