Question
Verbal Reasoning Question on Statements and Inferences
Given below are two statements:
Statement-I: Budget can help in allocation of income but it cannot make an inadequate income adequate.
Statement-II: Families with limited income tend to relinquish all pleasures until their basic needs are met.
In the light of the above statements, choose the correct answer from the options given below:
A
Both Statement I and Statement II are correct
B
Both Statement I and Statement II are incorrect
C
Statement I is correct but Statement II is incorrect
D
Statement I is incorrect but Statement II is correct
Answer
Both Statement I and Statement II are correct
Explanation
Solution
The correct answer is(A): Both Statement I and Statement II are correct