In the following question, two statements are given followed by two conclusions I and II. You have to consider the statements to be true even if they seem to be at variance from commonly known facts. You have to decide which of the given conclusions, if any, follows from the given statements.
Statements:
(I) Wages are determined by minimum wage legislation in each country.
(II) Increase in wage rate is the sign of growth in an economy.
Conclusions:
(I) Average wage rate signifies the wealth of a country.
(II) Minimum wage legislation does not account wage imbalances.
- AOnly conclusion II follows
- BConclusion I and II both follow
- CNeither I nor II follow
- DOnly conclusion I follows
Solution & Step-by-step Explanation
Let's assess the conclusions according to the given statements:
Conclusion I: Statement II mentions that an increase in wage rate indicates economic growth. However, there is no direct or definitive information mentioning that the average wage rate explicitly signifies the overall wealth of a country. Hence, Conclusion I does not logically follow.
Conclusion II: The statements discuss that minimum wage legislation determines wages, but they do not mention or provide evidence regarding whether it accounts for or ignores wage imbalances. Hence, Conclusion II does not logically follow.
Therefore, neither conclusion I nor II follows.
Conclusion I: Statement II mentions that an increase in wage rate indicates economic growth. However, there is no direct or definitive information mentioning that the average wage rate explicitly signifies the overall wealth of a country. Hence, Conclusion I does not logically follow.
Conclusion II: The statements discuss that minimum wage legislation determines wages, but they do not mention or provide evidence regarding whether it accounts for or ignores wage imbalances. Hence, Conclusion II does not logically follow.
Therefore, neither conclusion I nor II follows.