In the question below is given a statement. 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: The Indian Government in Railway budget has made provision for acquisition of 12,000 wagons, 5,160 coaches and approximately 700 locomotives during 2018-19. The Finance Minister said work on the eastern and western dedicated freight corridors was in full swing. Assumptions: 1. Bharatiya Janata Party is looking to win 2019 election by giving Railway a full-fledged renovation. 2. Indian Government is working to make Indian Railway of World Quality. 3. Approx. 1,50,000 crore Indian Rupees were sanctioned for Railway Infrastructure.

In the question below is given a statement. 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: The Indian Government in Railway budget has made provision for acquisition of 12,000 wagons, 5,160 coaches and approximately 700 locomotives during 2018-19. The Finance Minister said work on the eastern and western dedicated freight corridors was in full swing. Assumptions: 1. Bharatiya Janata Party is looking to win 2019 election by giving Railway a full-fledged renovation. 2. Indian Government is working to make Indian Railway of World Quality. 3. Approx. 1,50,000 crore Indian Rupees were sanctioned for Railway Infrastructure. Correct Answer Only II follows

1. Bharatiya Janata Party is looking to win 2019 election by giving Railway a full-fledged renovation. False, it is a duty of Government to work for progress of each sector and every year Finance Minister allocate funds in budget for development. Also, there is no mention of 2019 election so it cannot be assumed.

2. Indian Government is working to make Indian Railway of World Quality. True, As the statement itself says that a lot of new development are in pipeline and work on eastern and western corridor is on full swing so it can be assumed that Indian Government is working to make Indian Railway of World Quality

3. Approx. 1,50,000 crore Indian Rupees were sanctioned for Railway Infrastructure. False, The difference between total allocated money and 1,50,000 is too much. Even after assuming that there will be some funds allocation for regular development, the amount is high so it can’t be assumed.

Hence only II 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.