With reference to the above passage, the following assumptions have been made: I. People above the poverty line also tend to be worried about economic insecurity. II. The eradication of poverty can result in social equality and peace in the country. Which of the above assumptions is/are valid?

Assumption I is directly supported by the passage, which states that those just above the poverty line are also affected by various economic insecurities. Assumption II about eradication of poverty leading to social equality and peace is not implied; the passage distinguishes social inequality from economic insecurity and does not claim removing poverty would eliminate social inequality. Hence only I is valid.