Direction: In each question below is given a statement followed by two conclusions numbered I and II. You have to assume everything in the statement to be true, then consider the two conclusions together and decide which of them logically follows beyond a reasonable doubt from the information given in the statement. Give answer
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Statement:
The oil marketing companies have already decided to defer the fortnightly revision of petrol and diesel prices in view of volatility in world markets.
Conclusions :
I. Increase in diesel price may have a cascading effect on the entire gamut of products and services.
II. The companies are worried that a sudden spurt in international prices of the diesel may upset earlier calculation over the next few weeks.
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- if only conclusion I follows
- if only conclusion II follows
- if either I or II follows
- if neither I nor II follows, and
- if both I and II follow
- if only conclusion I follows
Correct Option: B
I does not follow. The deferring will not lead to an increase in prices. II follows because this is the reason behind deferring '' in view of volatility''.
