The correct answer is: Only conclusion II follows.
The statement “Parents are prepared to pay any price for an elite education to their children” does not necessarily mean that all parents these days are very well off. It is possible that some parents are willing to make significant sacrifices in order to give their children the best possible education, even if it means going into debt or putting other financial needs on hold. Additionally, the statement does not say anything about whether or not parents have an obsessive passion for a perfect development of their children through good schooling. It is possible that some parents are simply doing what they believe is best for their children, without being driven by any obsessive passion.
Therefore, the only conclusion that can be drawn from the statement is that parents have a strong desire to give their children a good education. This does not necessarily mean that they are well off or that they have an obsessive passion for their children’s development.
Here is a brief explanation of each option:
- Option A: Only conclusion I follows. This option is incorrect because the statement does not necessarily mean that all parents these days are very well off.
- Option B: Only conclusion II follows. This option is correct because the statement does imply that parents have a strong desire to give their children a good education.
- Option C: Either I or II follows. This option is incorrect because the statement does not provide enough information to support either conclusion.
- Option D: Neither I nor II follows. This option is correct because the statement does not provide enough information to support either conclusion.
- Option E: Both I and II follow. This option is incorrect because the statement does not provide enough information to support both conclusions.