Directions $(7$ − $8):$ In the given questions below, a statement is given followed by two conclusions numbered $\text{I}$ and $\text{II}$. You have to take the statement to be true. Read both the conclusions and decide which of the two or both follow from the given statement. Given answer :
- If only conclusion $\text{I}$ follows.
- If only conclusion $\text{II}$ follows.
- If either $\text{I}$ or $\text{II}$ follows.
- If neither $\text{I}$ nor $\text{II}$ follows.
A study of planning commission reveals boom in revenues. However, this has been of little avail owing to soaring expenditure. In the event, there has been a high dose of deficit financing, leading to marked rise in prices. Large financial outlays year after year had little impact on level of living.
- A boom in revenues leads to rise in prices.
- Large financial outlays should be avoided.
