Question

In the question below a statement is given followed by two assumptions numbered I and II. You have to assume everything in the statement to be true and then consider the two assumptions and decide which of them logically follows from the information given in the statement beyond any considerable doubt.

Statement:

India holds 55% market share in the total IT industry of the world.

Assumption:

I. Foreign companies prefer India only because of the availability of cheap labor.

II. The central government has provided various subsidies to multinational companies for their progress.

1. Both assumptions I and II are implicit.
2. Only assumption I are implicit.
3. Neither assumption I nor II is implicit.
4. Only assumption II are implicit.

Answer 1

Correct Answer - Option 3 : Neither assumption I nor II is implicit.

Statement:

India holds 55% market share in the total IT industry of the world.

Assumption:

I. Foreign companies prefer India only because of the availability of cheap labor → False (As, it is not only a valid reason, India is the biggest market in the world).

II. The central government has provided various subsidies to multinational companies for their progress → False (Government takes FDI from the companies, we can't say that all the companies get subsidiary from the Government).

Hence, "Neither assumption I nor II is implicit".