Direction : For the questions, a statement is followed by two assumptions I and II, choose the correct option given below :

(a) If only I is implicit

(b) If only II is implicit

(c) If either I or II is implicit

(d) If neither I nor II is implicit

Statement : Equality of income throughout a community is the essential condition for maximising 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.

1
a
2
b
3
c
4
d

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