If the social inequality is the most acutely felt social problem in India, insecurity, more than poverty, is the most acutely felt economic problem. Besides those below the official poverty line, even those just over the poverty line are subject to multiple economic insecurities of various kinds (due to wealth and/or health risks, market fluctuations, job-related uncertainties). Many Government policies are actually intended towards mitigating these insecurities.

With reference to the above passage, the following assumptions have been made:
I. People above the poverty line also are prone to suffer from anxiety about economic insecurity.
II. Eradication of poverty can result in peace and social equality in the country.
Which of the above assumptions is/are valid?

The correct option is I only.

Step-by-Step Explanation:

1. Analyzing Assumption I:
"People above the poverty line also are prone to suffer from anxiety about economic insecurity."
The passage explicitly states: "even those just over the poverty line are subject to multiple economic insecurities of various kinds (due to wealth and/or health risks, market fluctuations, job-related uncertainties)."
Since people above the poverty line experience multiple economic insecurities, it is logical and valid to assume that they are prone to suffer from anxiety related to these economic insecurities. Therefore, Assumption I is valid.

2. Analyzing Assumption II:
"Eradication of poverty can result in peace and social equality in the country."
The passage mentions that "social inequality is the most acutely felt social problem in India" and highlights economic insecurity alongside poverty. However, the text does not state or imply that eradicating poverty will eliminate social inequality or bring guaranteed peace. In fact, it highlights that even non-poor people face severe economic insecurities, and social inequality is discussed as a separate major issue. Thus, Assumption II is invalid because it makes a far-reaching generalization that goes beyond the premises provided in the text.

Conclusion:
Only Assumption I validly follows from the passage. Hence, the correct choice is I only.