Direction: In each question below is given a statement followed by two assumption numbered I and II. An assumption is something supposed or taken for granted. You have to consider the statement and the following assumption and decide which of the assumption is implicit in the statement.
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Statement:
The world gold production has continued to grow irrespective of the price hike.
Assumptions:
I. Quantity of gold produced doesn't affect its price in the market.
II. In case of price hike the production of gold should be reduced.
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- if only assumption I is implicit.
- if only assumption II is implicit.
- if either I or II is implicit.
- if neither I nor II is implicit.
- if both I and II are implicit.
- if only assumption I is implicit.
Correct Option: B
The speaker is assuming II; that is why he has used the term irrespective while comparing the gold production with price hike (inflation). I is not implicit; the assumption is that price hike affects gold production.
