Examveda

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

Statement : The X-Airlines has decided to increase the passenger fare by 15 percent with immediate effect.

Assumptions :
I. The demand for seats of X-Airlines may remain unchanged even after the hike of fare.
II. Other airline companies may also hike the passenger fares.

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)

Clearly, such decisions are taken only after making sure that it will not affect the company's business adversely. So, I is implicit. However, the impact of this increase on other airlines cannot be ascertained. So, II is not implicit.

This Question Belongs to Competitive Reasoning >> Statement And Assumption

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Comments (1)

Rema Balu:

2 years ago

ever thought about law of demand?

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