An economist was quoted as saying that the cost of living index ( COL ) will go up next month because a recent increase in the price of fruits and vegetables . Which of the following cannot be inferred from the statement ?

An economist was quoted as saying that the cost of living index ( COL ) will go up next month because a recent increase in the price of fruits and vegetables . Which of the following cannot be inferred from the statement ? Correct Answer Consumers have decreased their consumption of fruits and vegetables

Bissoy MCQ

Related Questions

An economist was quoted as saying that the Cost of Living Index (COL) Will go up next month because of a recent increase in the price of meat and spices. Which of a following cannot be interred from the statement ?
Statements : All fruits are vegetables. All pens are vegetables. All vegetables are rains.

Conclusions :
I. All fruits are rains.
II. All pens are rains.
III. Some rains are vegetables.
Statement : The availability of imported fruits has increased in the indigenous market and so the demand for indigenous fruits has been decreased.

Courses of Action :
I. To help the indigenous producers of fruits, the Government should impose high import duty on these fruits, even if these are not of good quality.
II. The fruit vendors should stop selling imported fruits. So that the demand for indigenous fruits would be increased.
Consider the following statements regarding the measurement of rate of inflation.
Statement I The rate of inflation is measured on the basis of price indices which are of two kinds-Wholesale Price Index (WPI) and Consumer Price Index (CPl).
Statement II A price index is a measure of the average level of prices.
Statement III Price index shows the exact price rise or fall of a single good.
Chemical engineering plant cost index is used for finding the present cost of a particular chemical plant, if the cost of similar plant at some time in the past is known.
The present cost of the plant = $${\text{original cost}} \times \frac{{{\text{index value at present}}}}{{{\text{index value at time original cost was obtained}}}}.$$
The most major component of this cost index is
"S produces and sells one product, P, for which the data are as follows:
Selling price Rs 28
Variable cost Rs 16
Fixed cost Rs 4
The fixed costs are based on a budgeted production and sales level of 25,000 units for the next period. Due to market changes both the selling price and the variable cost are expected to increase above the budgeted level in the next period. If the selling price and variable cost per unit increase by 10% and 8% respectively, by how much must sales volume change, compared with the original budgeted level, in order to achieve the original budgeted profit for the period?"
The consumer price index (CPI) in Bangladesh is expected to grow up next month because of an increase in the prices of selected food items. Which of the following cannot be inferred form the argument?
Directions : In each of the following questions a statement is given, followed by three conclusions. Give answer :

Statement : The professor announced in the class that the next periodical examination will be held on 15th of the next month.

Assumptions :
I. All the students may appear in the examination.
II. The college will remain open on 15th of the next month.
III. The students can study till 15th of the next month to pass the examination.
There are n boxes and m fruits. If we put 3 fruits in each box 3 fruits will be excess. If we put 4 fruits in each box 1 box will be excess. Find number of boxes and fruits ?
If the labour cost 20% of the cost of production and raw material cost 10% of the cost of production and the price on which article is sold is 20% above the cost of production. If the price of labour is increased by 40% and the price of raw material increased by 20% and rest other expenditure of cost remain constant. The industrythus decide to increase the selling price by 10%. Find the new profit percent ?