Statement — “A 5% increase in freight and passenger fares will yield only Rs 500 crore in the remaining part of the current financial year.” — the Railway Minister.\nConclusions:\nI. At least a 10% increase was being expected.\nII. The Railway Minister is a rich man.

Difficulty: Easy

Correct Answer: Neither I nor II follows

Explanation:


Introduction / Context:
The minister provides a quantitative revenue estimate for a specific fare hike. We must not project hidden expectations or irrelevant personal details.


Given Data / Assumptions:

  • Policy: 5% increase → Rs 500 cr in the remainder of the year.
  • No mention of desired/expected percentage beyond 5%.
  • No information on the minister’s personal wealth.


Concept / Approach:
Conclusion I imagines a benchmark (10%) that is never stated; revenue sufficiency/dissatisfaction does not imply a numeric expectation. Conclusion II is entirely unrelated to the policy statement.


Step-by-Step Solution:
1) Keep to the text: only a 5% → Rs 500 cr mapping is given.2) No grounds to infer a different target hike or wealth status.


Why Other Options Are Wrong:
Any option granting I or II relies on speculation outside the statement.


Common Pitfalls:
Reading policy dissatisfaction into a specific estimate; assuming personal attributes from office held.


Final Answer:
Neither I nor II follows.

More Questions from Statement and Conclusion

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