Statement: The Government has decided to levy 2 percent on the tax amount payable for funding drought relief programmes.
Assumptions:
The Government does not have sufficient money to fund drought relief programmes.
The amount collected by way of surcharge may be adequate to fund these drought relief programmes.
Only assumption I is implicit
Only assumption II is implicit
Either I or II is implicit
Both I and II are implicit
Explanation:
Answer: Option D
Explanation:
Since a surcharge has been levied to fund drought relief programmes, it follows that the Government does not have sufficient money for the same. So, I is implicit. Besides, the percentage of surcharge must have been decided after studying the expected inflow in relation to amount of funds required. So, II is also implicit.
Answer: Option D
Explanation:
Since a surcharge has been levied to fund drought relief programmes, it follows that the Government does not have sufficient money for the same. So, I is implicit. Besides, the percentage of surcharge must have been decided after studying the expected inflow in relation to amount of funds required. So, II is also implicit.