CameraIcon
CameraIcon
SearchIcon
MyQuestionIcon
MyQuestionIcon
2
You visited us 2 times! Enjoying our articles? Unlock Full Access!
Question

Statement: Should there be a ceiling on the salary of top executives of multinationals in our country?
Arguments:
I. Yes. Otherwise it would lead to unhealthy competition and our own industry would not be able to withstand that.
II. No. With the accent on liberalization of economy, any such move would be counter- productive. Once the economy picks up, this disparity will be reduced.

A
Only argument I is strong
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
Only argument II is strong
No worries! We‘ve got your back. Try BYJU‘S free classes today!
C
Either I or II is strong
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
Neither I nor II is strong
No worries! We‘ve got your back. Try BYJU‘S free classes today!
E
Both I and II are strong
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
Open in App
Solution

The correct option is E Both I and II are strong
In the absence of such a ceiling, the companies would be involved in a mutual competition of salaries, in a bid to attract the most competent professional. So, argument I holds. Also, the prospects of increase in salary would encourage the officials to perform better in the interest of the company they serve, which would otherwise not be so if a ceiling is imposed. So, argument II also holds strong.

flag
Suggest Corrections
thumbs-up
0
similar_icon
Similar questions
View More
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Importance and Features of Business Environment
BUSINESS STUDIES
Watch in App
Join BYJU'S Learning Program
CrossIcon