Directions : In each of the following questions a statement is given, followed by two conclusions. Give answer : Statement : The cost of living has gone up in India. Assumptions : I. The price of essential commodities has gone up in recent times. II. Many luxury goods are available in plenty in the country.

The correct answer is: A. Only assumption I is implicit.

The statement “The cost of living has gone up in India” does not imply that the price of essential commodities has gone up in recent times. It is possible that the cost of living has gone up due to other factors, such as an increase in the price of luxury goods or a decrease in the value of the Indian rupee.

The statement also does not imply that many luxury goods are available in plenty in the country. It is possible that the cost of living has gone up due to a decrease in the availability of essential commodities.

Therefore, only assumption I is implicit in the statement.