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In the following question, two statements are given each followed by two conclusions I and II. You have to consider the statements to be true even ifthey seem to be at variance from commonly known facts. You have to decide which of the given conclusions, if any, follows from the given statements. Statement:
(I) Petrol prices are increasing in the economy.
(II) The price of crude oil in international market has not shown reasonable increase. Conclusions:
(I) The inflation has hit various commodities like petrol in the country.
(II) Demand for petrol is increasing but supply has not picked up with the same rate, hence resulting into hike in prices.

In the following question, two statements are given each followed by two conclusions I and II. You have to consider the statements to be true even ifthey seem to be at variance from commonly known facts. You have to decide which of the given conclusions, if any, follows from the given statements. Statement:
(I) Petrol prices are increasing in the economy.
(II) The price of crude oil in international market has not shown reasonable increase. Conclusions:
(I) The inflation has hit various commodities like petrol in the country.
(II) Demand for petrol is increasing but supply has not picked up with the same rate, hence resulting into hike in prices. Correct Answer Only conclusion I follows

Related Questions

A statement is given below in the question followed by three courses of actions numbered I, II and III. On the basis of the information given, you have to assume everything in the statement to be true, and then decide which of the following suggested courses of actions logically follow(s) for pursuing. Statement: Hindustan Unilever and Nestlé plan to selectively increase prices of their products to take into account higher crude oil and petrol costs, the rupee’s depreciation against the dollar and more expensive commodities such as wheat. If crude remains where it is and if the rupee has depreciated, of course, there are headwinds as far as costs are concerned. I. Nestlé India’s logistics providers are looking to renegotiate rates after record-high petrol and diesel prices. Nestlé declined to comment on when and by how much prices would increase.  II. Nestlé commented that HUL had dropped prices in November after the Goods & Services Tax was introduced last year and an increase in prices now would likely not hurt consumers.  III. Petrol prices have crossed Rs 90 a litre in Mumbai on increasing global prices of crude oil, of which India is a net importer, further impacted by the falling rupee. Crude derivatives, which are key inputs for FMCG companies, and petroleum derivatives used in packaging material including bottles and tubes, have also become more expensive.
In the following question, two statements are given each followed by two conclusions I and II. You have to consider the statements to be true even ifthey seem to be at variance from commonly known facts. You have to decide which of the given conclusions, if any, follows from the given statements. Statement:
(I) Glaciers are receding and the temperature rise of the world is more than last year this time.
(II) Pollution level of the Earth is rising a lot resulting in avalanches. Conclusions:
(I) Pollution is resulting into hike in temperature of the world.
(II) Pollution is the only reason for depletion of the nature.
Below are given statements followed by some conclusions. You have to take the given statements to be true even if they seem to be variance with the commonly known facts and then decide which of the given conclusions logically follow(s) from the given statements. Statement: Domestic demand has been increasing faster than the production of indigenous crude oil. Conclusions: I. Crude oil must be imported. II. Domestic demand must be reduced. A. Only conclusion I follows B. Only conclusion II follows C. Neither I nor II follows D. Both I and II follow
In the following question, two statements are given each followed by two conclusions I and II. You have to consider the statements to be true even if they seem to be at variance from commonly known facts. You have to decide which of the given conclusions, if any, follows from the given statements. Statement: (I) Glaciers are receding and the temperature rise of the world is more than last year this time. (II) Pollution level of the Earth is rising a lot resulting in avalanches. Conclusions: (I) Pollution is resulting into hike in temperature of the world. (II) Pollution is the only reason for depletion of the nature.
In the following question, two statements are given each followed by two conclusions I and II. You have to consider the statements to be true even ifthey seem to be at variance from commonly known facts. You have to decide which of the given conclusions, if any, follows from the given statements. Statement:
(I) Wages are determined by minimum wage legislation in each country.
(II) Increase in wage rate is the sign of growth in an economy. Conclusions:
(I) Average wage rate signifies the wealth of a country.
(II) Minimum wage legislation does not account wage imbalances.
Two statements are followed by three Conclusions I, II and III. You have to consider the statements to be true, even if they seem to be at variance from commonly known facts. You are to decide which of the given conclusions can definitely be drawn from the given statements and indicate your answer accordingly. Statements: I. After a Pay Commission bonanza of 2% hike in dearness allowance in March, central government employees and pensioners can expect another round of salary increase with the government set to modify the index and base year for calculating dearness allowance.  II. The labour ministry is working on a new series of consumer price index for industrial workers (CPI-IW), which is used to determine dearness allowance (DA).  Conclusions: I. DA is a cost of living adjustment allowance paid to government employees, public sector employees and pensioners in the country. It is calculated as a percentage of an employee’s basic salary to mitigate the impact of inflation on people.  II. Since theindex is used to determine dearness allowance of all government employees and industrial workers there may be significant financial implication. III. The trend so far is that the weightage of transport, healthcare and housing has gone up many fold in the new series in the monthly expenditure of an industrial worker, especially consumption of petrol and diesel with the addition of cars to it, while there is decline in overall food basket which is being diversified.
In the question below are given three statements followed by three conclusions numbered I, II and III. You have to take the given statements to be true even if they seem to be at variance with commonly known facts. Read all the conclusions and then decide which of the given conclusions logically follows from the given statements disregarding commonly known facts. Statements: Some Oil are Wax. All Gases are Oil. Some Fuel are Gases. Conclusions: I. No Fuel is an Oil. II. No Gases is a Fuel. III. Some Oil are Fuel.
In the following question, two statements are given each followed by two conclusions I and II. You have to consider the statements to be true even if theyseem to be at variance from commonly known facts. You have to decide which of the given conclusions, if any, follows from the given statements. Statement:
(I) India's GDP continues to grow at one of the reasonable rates but job creation is not picking up the similar pace.
(II) Every year over 20 million young Indians join the workforce. Conclusions:
(I) Population increase is more than the job creation rate.
(II) Supply basket is less and the demand basket for jobs is very high.
In each of the following question below are given some statements followed by some conclusion, Taking the given statements to be true even if they seem to be at variance from commonly known facts, read all the conclusions and then decide which of the given conclusion logically follows the given statements, seem to be at variance from commonly known facts, read all the conclusions and then decide which of the given conclusion logically follows the given statements, Statements: I. All pages are yellow. II. All yellow are newspapers. III. Some newspapers are national. Conclusions: I. Some national are yellow II. Some newspapers are pages. III. No page is national.
In the following question, two statements are given each followed by two conclusions I and II. You have to consider the statements to be true even ifthey seem to be at variance from commonly known facts. You have to decide which of the given conclusions, if any, follows from the given statements. Statement: (I) In the GST Model in India, it would be dual tax (GST) with the center and states simultaneously levying tax on a common base tax.
(II) The central and state GST would be levied on every transaction of supply of goods and services simultaneously. Conclusions:
(I) This new tax regime would benefit common man of country.
(II) There would be more clarity on state and central component.