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In the following question, two statements are given each followed by two conclusions I and II. You have to consider the statements to be true even if they seem to be at variance from commonly known facts. You have to decide which of the given conclusions, if any, follows from the given statements. Statement: (I) Wages are determined by minimum wage legislation in each country. (II) Increase in wage rate is the sign of growth in an economy. Conclusions: (I) Average wage rate signifies the wealth of a country. (II) Minimum wage legislation does not account wage imbalances.

In the following question, two statements are given each followed by two conclusions I and II. You have to consider the statements to be true even if they seem to be at variance from commonly known facts. You have to decide which of the given conclusions, if any, follows from the given statements. Statement: (I) Wages are determined by minimum wage legislation in each country. (II) Increase in wage rate is the sign of growth in an economy. Conclusions: (I) Average wage rate signifies the wealth of a country. (II) Minimum wage legislation does not account wage imbalances. Correct Answer Only conclusion II follows

From the given 2 statements we get to know how wages are determined in a country and that the change in wage rate would determine whether there is growth in economy or not.From this, it is very clear that the average wage rate would signify the wealth of a country,

as it would show whether there has been relative increase in growth rate or not. So statement I is true. Statement II, on the other hand is completely irrelevant, as no such conclusion can be drawn from the given statements.

Related Questions

In the following question, two statements are given each followed by two conclusions I and II. You have to consider the statements to be true even ifthey seem to be at variance from commonly known facts. You have to decide which of the given conclusions, if any, follows from the given statements. Statement:
(I) Wages are determined by minimum wage legislation in each country.
(II) Increase in wage rate is the sign of growth in an economy. Conclusions:
(I) Average wage rate signifies the wealth of a country.
(II) Minimum wage legislation does not account wage imbalances.
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