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

Statement : The cost of living has gone up in India.

Assumptions :
I. The price of essential commodities has gone up in recent times.
II. Many luxury goods are available in plenty in the country.

Answer & Solution
Correct Answer: Option E
The cost of living is directly associated with the prices of essential commodities. So, I is implicit. II denotes an essential consequence of rise in cost of living. So, II is also implicit.
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