Statement: The Government has decided to levy 2 percent on the tax amount payable for funding drought relief programmes. Assumptions: 1 The Government does not have sufficient money to fund drought relief programmes. 2 The amount collected by way o

Statement: The Government has decided to levy 2 percent on the tax amount payable for funding drought relief programmes.

Assumptions:

The Government does not have sufficient money to fund drought relief programmes.
The amount collected by way of surcharge may be adequate to fund these drought relief programmes.

[A].	Only assumption I is implicit
[B].	Only assumption II is implicit
[C].	Either I or II is implicit
[D].	Neither I nor II is implicit
[E].	Both I and II are implicit

Answer: Option E

Explanation:

Since a surcharge has been levied to fund drought relief programmes, it follows that the Government does not have sufficient money for the same. So, I is implicit. Besides, the percentage of surcharge must have been decided after studying the expected inflow in relation to amount of funds required. So, II is also implicit.

Logical Reasoning :: Statement and Assumption : More Exercises

Statement and Assumption - Section 1

Statement: The Government has decided to levy 2 percent on the tax amount payable for funding drought relief programmes. Assumptions: 1 The Government does not have sufficient money to fund drought relief programmes. 2 The amount collected by way o

Logical Reasoning :: Statement and Assumption : More Exercises

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