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Directions: In each 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: 1. The rate will remain more or less same after the increase.
2. The expenditure will more or less remain the same in near future.
3. The rival companies will also increase the price of the similar product.
2. The expenditure will more or less remain the same in near future.
3. 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)All are implicit
- e)None of these
Correct answer is option 'E'. Can you explain this answer?
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Directions: In each question below is given a statement followed by th...
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.
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Directions: In each question below is given a statement followed by th...
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:
1. The rate will remain more or less the same after the increase.
2. The expenditure will more or less remain the same in the near future.
3. The rival companies will also increase the price of the similar product.
Explanation:
The statement mentions that the company has decided to increase the price of its product from next month in order to reduce the gap between income and expenditure. We need to identify the assumptions that are implicit in the statement.
Assumption 1: The rate will remain more or less the same after the increase.
This assumption is not implicit in the statement. The statement does not provide any information about the rate remaining the same or changing after the increase in price. Therefore, assumption 1 is not implicit.
Assumption 2: The expenditure will more or less remain the same in the near future.
This assumption is implicit in the statement. The company's decision to increase the price of its product indicates that it expects the increased price to generate enough income to reduce the gap between income and expenditure. If the expenditure is expected to increase significantly in the near future, the decision to increase the price may not be sufficient to reduce the gap. Therefore, assumption 2 is implicit.
Assumption 3: The rival companies will also increase the price of the similar product.
This assumption is not implicit in the statement. The statement only mentions the company's decision to increase the price of its own product. It does not provide any information about the actions of rival companies. Therefore, assumption 3 is not implicit.
Conclusion:
Based on the analysis, we can conclude that only assumption 2 is implicit in the 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:
1. The rate will remain more or less the same after the increase.
2. The expenditure will more or less remain the same in the near future.
3. The rival companies will also increase the price of the similar product.
Explanation:
The statement mentions that the company has decided to increase the price of its product from next month in order to reduce the gap between income and expenditure. We need to identify the assumptions that are implicit in the statement.
Assumption 1: The rate will remain more or less the same after the increase.
This assumption is not implicit in the statement. The statement does not provide any information about the rate remaining the same or changing after the increase in price. Therefore, assumption 1 is not implicit.
Assumption 2: The expenditure will more or less remain the same in the near future.
This assumption is implicit in the statement. The company's decision to increase the price of its product indicates that it expects the increased price to generate enough income to reduce the gap between income and expenditure. If the expenditure is expected to increase significantly in the near future, the decision to increase the price may not be sufficient to reduce the gap. Therefore, assumption 2 is implicit.
Assumption 3: The rival companies will also increase the price of the similar product.
This assumption is not implicit in the statement. The statement only mentions the company's decision to increase the price of its own product. It does not provide any information about the actions of rival companies. Therefore, assumption 3 is not implicit.
Conclusion:
Based on the analysis, we can conclude that only assumption 2 is implicit in the statement.
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Directions: In each 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: 1. The rate will remain more or less same after the increase.2. The expenditure will more or less remain the same in near future.3. 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)All are implicite)None of theseCorrect answer is option 'E'. Can you explain this answer?
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Directions: In each 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: 1. The rate will remain more or less same after the increase.2. The expenditure will more or less remain the same in near future.3. 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)All are implicite)None of theseCorrect answer is option 'E'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Directions: In each 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: 1. The rate will remain more or less same after the increase.2. The expenditure will more or less remain the same in near future.3. 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)All are implicite)None of theseCorrect answer is option 'E'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Directions: In each 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: 1. The rate will remain more or less same after the increase.2. The expenditure will more or less remain the same in near future.3. 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)All are implicite)None of theseCorrect answer is option 'E'. Can you explain this answer?.
Directions: In each 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: 1. The rate will remain more or less same after the increase.2. The expenditure will more or less remain the same in near future.3. 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)All are implicite)None of theseCorrect answer is option 'E'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Directions: In each 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: 1. The rate will remain more or less same after the increase.2. The expenditure will more or less remain the same in near future.3. 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)All are implicite)None of theseCorrect answer is option 'E'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Directions: In each 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: 1. The rate will remain more or less same after the increase.2. The expenditure will more or less remain the same in near future.3. 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)All are implicite)None of theseCorrect answer is option 'E'. Can you explain this answer?.
Solutions for Directions: In each 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: 1. The rate will remain more or less same after the increase.2. The expenditure will more or less remain the same in near future.3. 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)All are implicite)None of theseCorrect answer is option 'E'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC.
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Directions: In each 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: 1. The rate will remain more or less same after the increase.2. The expenditure will more or less remain the same in near future.3. 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)All are implicite)None of theseCorrect answer is option 'E'. Can you explain this answer?, a detailed solution for Directions: In each 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: 1. The rate will remain more or less same after the increase.2. The expenditure will more or less remain the same in near future.3. 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)All are implicite)None of theseCorrect answer is option 'E'. Can you explain this answer? has been provided alongside types of Directions: In each 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: 1. The rate will remain more or less same after the increase.2. The expenditure will more or less remain the same in near future.3. 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)All are implicite)None of theseCorrect answer is option 'E'. Can you explain this answer? theory, EduRev gives you an
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