Directions : In each of the following questions a statement is given, followed by two conclusions. Give answer :

Statement : Equality of income throughout a community is the essential condition for maximizing the total utility which the total income available could confer on the members of that community.

Assumptions :
I. If extra income were taken from the rich and given to the poor, the total utility experienced by the community would increase.
II. Equal pay for equal work.

Directions : In each of the following questions a statement is given, followed by two conclusions. Give answer :

Statement : Equality of income throughout a community is the essential condition for maximizing the total utility which the total income available could confer on the members of that community.

Assumptions :
I. If extra income were taken from the rich and given to the poor, the total utility experienced by the community would increase.
II. Equal pay for equal work. Correct Answer Only assumption I is implicit

The total utility can be maximised by equality of income throughout the community, i.e., by giving extra income from the rich to the poor. So, I is implicit. Also, II pertains to economic right and is not concerned with equality of income throughout the community. So, it is not implicit.
Bissoy MCQ

Related Questions

Consider the following statements:
1. A profit-maximizing monopolist in different markets will adjust his sales in the two markets to just equal his MC.
2. A profit-maximizing monopolist in separate market will not adjust his sales.
3. A profit-maximizing monopolist in separate markets will adjust his sales.
4. A profit-maximizing firm in separate markets will adjust his sales in each market so that his MR is less than Me.
Sister of Ram Prakash married a person belonging to another caste. The marriage was not approved by some influential members of the community of Ram Prakash. They influenced the members of the community to excommunicate the family of Ram Prakash. However later on the caste leaders asked Ram Prasad to give Rs. one lac to the community as a penance and only then his family would be admitted in the community. But Ram Prasad instead of delivering money files an F. I. R. (First information Report) The community leaders who demanded money claimed no offence has been committed as Ram Prasad was guilty of violating community rules and in fact no money has actually been delivered. What offence, if any, has been committed by the community leaders?
Directions : In each of the following questions a statement is given, followed by two conclusions. Give answer :

Statements : Until our country achieves economic equality, political freedom and democracy would be meaningless.

Conclusions :
I. Political freedom and democracy go hand in hand.
II. Economic equality leads to real political freedom and democracy.
Directions : In each of the following questions a statement is given, followed by two conclusions. Give answer :

Statements : In case of outstanding candidates, the condition of previous experience of social work may be waived by the admission committee for M.A. (Social work).

Conclusions :
I. Some of the students for M.A. (Social work) will have previous experience of social work.
II. Some of the students for M.A. (Social work) will not have previous experience of social work.
Directions : In each of the following questions a statement is given, followed by two conclusions. Give answer : Statement :Until our country achieves economic equality, political freedom and democracy would be meaningless. Conclusion : I. Political freedom and democracy go hand in hand. II. Economic equality leads to real political freedom and democracy.
Directions : In each of the following questions a statement is given, followed by two conclusions. Give answer :

Statement : An advertisement: "Our shoes are for the rich."

Assumptions :
I. Many people like to be labelled as rich.
II. One can't become rich unless one has that brand of shoes.
Directions : In each of the following questions a statement is given, followed by three conclusions. Give answer :

Statement : The economic condition continues to be critical even after a good harvest season.

Assumptions :
I. The economic condition was not critical before the harvest season.
II. The economic condition could not have improved without a good harvest season.
III. The economic condition was expected to improve after a good harvest season.
Directions : In each of the following questions a statement is given, followed by two conclusions. Give answer :

Statement : I can take you quickly from Kanpur to Lucknow by my cab but then you must pay me double the normal charges.

Assumptions :
I. Normally, it will take more time to reach Lucknow from Kanpur.
II. People want to reach quickly but they will not pay extra money for it.
Statements : No gentleman is poor. All gentlemen are rich.

Conclusions :
I. No poor man is rich.
II. No rich man is poor.
Directions : In each of the following questions a statement is given, followed by two conclusions. Give answer :

Statement : "If it does not rain throughout this month, most farmers would be in trouble this year."

Assumptions :
I. Timely rain is essential for farming.
II. Most farmers are generally dependent on rains.