An assumption is something supposed or taken for granted.  In the question, a statement is given. You have to consider the following assumption and decide which of the assumption is implicit in the statement. Statement: Finance Minister Arun Jaitley, on Thursday, proposed to double the expenditure on the government’s flagship Digital India programme to ₹ 3,073 crores for the next fiscal against ₹ 1,425.63 crores in 2017-18, a move that has largely been welcomed by the industry. “Global economy is transforming into a digital economy thanks to the development of cutting-edge technologies in digital space – machine learning, artificial intelligence, Internet of things, 3D printing and the like,” Mr Jaitley said. Assumptions: 1. Digital India Program is a successful programme of Indian Government. 2. Machine learning and artificial intelligence are important for a country’s progress. 3. Finance Minister Mr. Arun Jaitley is famous between industrialists.

An assumption is something supposed or taken for granted.  In the question, a statement is given. You have to consider the following assumption and decide which of the assumption is implicit in the statement. Statement: Finance Minister Arun Jaitley, on Thursday, proposed to double the expenditure on the government’s flagship Digital India programme to ₹ 3,073 crores for the next fiscal against ₹ 1,425.63 crores in 2017-18, a move that has largely been welcomed by the industry. “Global economy is transforming into a digital economy thanks to the development of cutting-edge technologies in digital space – machine learning, artificial intelligence, Internet of things, 3D printing and the like,” Mr Jaitley said. Assumptions: 1. Digital India Program is a successful programme of Indian Government. 2. Machine learning and artificial intelligence are important for a country’s progress. 3. Finance Minister Mr. Arun Jaitley is famous between industrialists. Correct Answer All except III

1. Digital India Program is a successful programme of Indian Government- this statement is true, as Finance minister has proposed to double the expenditure, so it can be assumed that the program is successful.

2. Machine learning and artificial intelligence are important for a country’s progress- this statement is true, as they are helping in the change of Global economy into the digital economy which will help in effective business between countries. So it can be assumed.

3. Finance Minister Mr. Arun Jaitley is famous between industrialists- this statement is false, in the statement it is mentioned that his move was appreciated but there is no mention of fame of Mr. Arun Jaitley between industrialists, So it cannot be assumed.

Hence, all except III follows.

Related Questions

In each question below is given a statement numbered I, II and III. An assumption is something supposed or taken for granted. You have to consider the following assumption and decide which of the assumption is implicit in the statement. Statement: About a year ago, Prime Minister Narendra Modi had told the world that the signature of a chartered accountant on financial statements was, perhaps, more powerful than even one of his own. ‘Just like doctors don’t want people to be ill to get more business, chartered accountants, too, need to safeguard the society’s economic health. Your signature is more powerful than the PM’s, and the government also believes the accounts signed by you’, Modi had said.  Assumptions: I. The CA community, however, may not have woken up to the value of the initials they put on financial statements. Last year has been more of a challenge for the community’s reputation, with banking frauds, asset quality divergences and mid-term auditor resignations dominating the headlines.  II. There cannot be a situation where there will be 100% agreement on everything. You may have rules but still judgmental factors in credit, asset recognition come in. The approach is that as soon as the asset is stretched, banks have to recognise the problem.  III. But even basic logic just went out of the window and banks together kept dishing out loans to such companies even when their annual turnover was half of the total debt.