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

Statement : The Union Government has decided to withdraw existing tax relief on various small savings schemes in a phased manner to augment its tax collection.

Assumptions :
I. People may still continue to keep money in small savings schemes and also pay taxes.
II. The total tax collection may increase substantially.

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

Statement : The Union Government has decided to withdraw existing tax relief on various small savings schemes in a phased manner to augment its tax collection.

Assumptions :
I. People may still continue to keep money in small savings schemes and also pay taxes.
II. The total tax collection may increase substantially. Correct Answer Both I and II are implicit

The statement mentions that withdrawing tax relief on small savings schemes would help increase tax collection. This implies that the government would then earn tax on income derived from small savings schemes. So, I is implicit. Besides, II follows directly from the statement and so it is also implicit.
Bissoy MCQ

Related Questions

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

Statement : The Government has decided to levy 2 percent on the tax amount payable for funding drought relief programmes.

Assumptions :
I. The Government does not have sufficient money to fund drought relief programmes.
II. The amount collected by way of surcharge may be adequate to fund these drought relief programmes.
Direction : Two statements I and II are given. These statement may be either independent causes or may be effects of independent causes or a common cause. One of these statements may be the effect of the other statements. Read both the statements and decide which of the following answer choice correctly depicts the relationship between these two statements. Mark answer :

I. The government has decided to give tax benefits for small savings for investments and benefit accruals. However, all withdrawals of such savings are to be taxed.
II. People have been investing more in small savings than in equity market to avail maximum tax benefits.
Rithika had Rs 8000. She invested some of it in savings scheme P and the rest ofthe money in savings scheme Q. She invested for 3 years in savings scheme P and for2 years in savings scheme Q. savings scheme P offers SI at a rate of 20% pa whilesavings scheme Q compounded annually at the rate of 30% pa. The interest receivedfrom savings scheme P is 930 more than the interest received from savings scheme Q.If Rs 1500 is debited from the invested amount of savings scheme P then find thedifference between the amount invested by Rithika in savings scheme P & savingsscheme Q.
Directions : In each of the following questions a statement is given, followed by two conclusions. Give answer :

Statements : It has been decided by the Government to withdraw 33% of the subsidy on cooking gas from the beginning of next month. - A spokesman of the Government.

Conclusions :
I. People now no more desire or need such subsidy from Government as they can afford increased price of the cooking gas.
II. The price of the cooking gas will increase at least by 33% from the next month.
Re-arrange the following sentences into a meaningful paragraph. (A) comes into effect from today. The bank's savings account rate was 3.5 per cent during March 2003 to May 2011 for all savings bank account customers (B) The bank's decision comes two days ahead of RBI's monetary policy meet and is likely to trigger (C) with deposits of above Rs 1 crore, it said in a statement. The two-tier savings bank account interest rate (D) to 3.5 per cent, lowest in six years, a decision that will impact 90 per cent of its customers (E) The country's largest lender however will continue to pay 4 per cent interest on savings bank accounts (F) SBI today cut interest rate on savings bank account deposits up to Rs 1 crore by 0.5 per cent (G) rate war among peers. SBI's savings bank account base is of around Rs 9 lakh crore.
Directions : In each of the following questions a statement is given, followed by two conclusions. Give answer :

Statement : World Health Organisation has decided to double its assistance to various health programmes in India as per-capita expenditure on health in India is very low compared to many other countries.

Assumptions :
I. The enhanced assistance may substantially increase the per-capita expenditure on health in India and bring it on par with other countries.
II. The Government funding is less than adequate to provide medical facilities in India.
Directions : In each of the following questions a statement is given, followed by two conclusions. Give answer :

Statement : The government has decided to hold the employers responsible for deducting tax at source for all its employees.

Assumptions :
I. The employers may still not arrange to deduct tax at source for its employees.
II. The employees may not allow the employers to deduct tax at source.
Read the passage carefully and select the best answer to each question out of the given four alternatives.
Public opinion may be passive and false or active and real. It is claimed in theory that all governments are ultimately based on the opinion or sanction of the governed. But we find that in practice the people's rights are often trodden down and tyranny and oppression are allowed to continue. The government does it not because the people want it to do so but because they are too idle, too uneducated and too disunited or timid to oppose the govern ment. Such public opinion is passive and false and not an active verdict. But when we find people alert, intelligent and determined to let the government know their will, when they want to exercise actively their voice in the management of their country, we have an instance of true or active public opinion. True public opinion is formed by and expressed through the press, the platform, political parties and educational institutions. These have sacred duties to perform, duties on which depends the ultimate good of the entire community. The press today wields a tremendous influence, So it should support the causes and move ments and condemn the wrong one's and thus teach people to form correct opinion. A free and fair press ventilates the grievances of the public. Thus a healthy relationship develops between the people and the government through out an unbiased press. Political parties also help to create and regulate opinions. No less important part is played by the educational Institutions which train the minds of the young people who will be the citizens of tomorrow. It has been said that modern Germany and China have been made by their universities. It is necessary that the young and the growing minds should imbibe the spirit of fellow-feeling, the spirit of tolerance, the habit of compromise, and show due regard for the feelings and opinion of others without which a democratic society cannot function, let alone succeed. When there is true awakening of the people, we shall have the real and conscious public opinion. And justice will reign on earth and truly will the voice of the people be the voice of God.
According to the passage, which of the following is needed from the people to have true or active public opinion? 1. Alertness
2. Determination
3. Intelligence
4. Raising their voice
Read the passage carefully and select the best answer to each question out of the given four alternatives.
Public opinion may be passive and false or active and real. It is claimed in theory that all governments are ultimately based on the opinion or sanction of the governed. But we find that in practice the people's rights are often trodden down and tyranny and oppression are allowed to continue. The government does it not because the people want it to do so but because they are too idle, too uneducated and too disunited or timid to oppose the govern ment. Such public opinion is passive and false and not an active verdict. But when we find people alert, intelligent and determined to let the government know their will, when they want to exercise actively their voice in the management of their country, we have an instance of true or active public opinion. True public opinion is formed by and expressed through the press, the platform, political parties and educational institutions. These have sacred duties to perform, duties on which depends the ultimate good of the entire community. The press today wields a tremendous influence, So it should support the causes and move ments and condemn the wrong one's and thus teach people to form correct opinion. A free and fair press ventilates the grievances of the public. Thus a healthy relationship develops between the people and the government through out an unbiased press. Political parties also help to create and regulate opinions. No less important part is played by the educational Institutions which train the minds of the young people who will be the citizens of tomorrow. It has been said that modern Germany and China have been made by their universities. It is necessary that the young and the growing minds should imbibe the spirit of fellow-feeling, the spirit of tolerance, the habit of compromise, and show due regard for the feelings and opinion of others without which a democratic society cannot function, let alone succeed. When there is true awakening of the people, we shall have the real and conscious public opinion. And justice will reign on earth and truly will the voice of the people be the voice of God.
Which of the following is not the reason for the oppression caused to general public by the running government in the country?
Directions : In each of the following questions a statement is given, followed by three conclusions. Give answer :

Statement : The company has decided to increase the price of all its products to tackle the precarious financial position.

Assumptions :
I. The company may be able to wipe out the entire losses incurred earlier by this decision.
II. The buyers may continue to buy its products even after the increase.
III. The company has adequate resources to continue production for few more months.