Directions In each of the following questions a statement is given...

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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.

A. Only assumption I is implicit

B. Only assumption II is implicit

C. Either I or II is implicit

D. Neither I nor II is implicit

E. Both I and II are implicit

Answer: Option A

Solution(By Examveda Team)

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.

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