Rural households have more purchasing power than do urban households at the same income level, since some of the income urban and suburban households use for food and shelter can be used by the rural households for other needs. Which of the following inferences is best supported by the statement made above?

Rural households have more purchasing power than do urban households at the same income level, since some of the income urban and suburban households use for food and shelter can be used by the rural households for other needs. Which of the following inferences is best supported by the statement made above? Correct Answer Rural households have lower food and housing costs than do either urban or suburban households.

Option 1 is not an inference because the passage simply states the difference between the purchasing power of rural and urban households. It is not discussing the number of people.

Option 2 is an inference because the passage clearly states that the higher purchasing power of rural households can be attributed to the fact that urban and suburban households have higher food and housing costs. Conversely, rural households have lower food and housing costs.

Option 3 would be a wrong inference because the difference has been cited between rural households on one hand and urban and suburban households on the other.

Option 4 cannot be inferred because no information about the median income of the households has been provided.

Related Questions

The conditions regarding selection from a list of suitable candidates to be called for interview after a written examination for appointment of management-level persons to a multi-national company providing accounting services and sales are mentioned below. Candidates: a) Must have a Bachelor's degree in Basic Science with 65% or more marks or BE with 55% or more marks. b) Must have passed the examination with 70% or more marks. c) Age must be between 25 to 30 years as of 1/4/18. d) Must have 3 years of experience in an Accounting Institution and must have a Diploma in Accounting with 60% or more marks. e) Must be currently getting CTC of Rs. 6 lakh or more per annum. If the candidate: 1) If he fulfills all the other conditions other than A above, he will be designated as Junior Accountant. 2) If he fulfills all the other conditions other than (d) and (e) above, he can be designated as Trainee-Accountant. If he fulfills all the above conditions including 5 years of experience, he can be designated as a Senior Accountant. He can be designated as Manager (Accounts) if he fulfills all the above criteria including educational qualifications of CA/ ICWA/ MBA (Finance). Study all the above information and answer the following question. Varun has passed the CA exam and has a bachelor's degree in basic science and a diploma in accountancy, having scored 75% or more in the written examination during his entire career and also in the written examination. His age is 27 years and with 4 years of experience in Accountancy, he has a CTC salary of 18 lakhs per annum. To which of the following positions can he be referred? Select from the given options.