Directions : In each of the following questions a statement is given, followed by two conclusions. Give answer :

Statement : The cost of living has gone up in India.

Assumptions :
I. The price of essential commodities has gone up in recent times.
II. Many luxury goods are available in plenty in the country.

Directions : In each of the following questions a statement is given, followed by two conclusions. Give answer :

Statement : The cost of living has gone up in India.

Assumptions :
I. The price of essential commodities has gone up in recent times.
II. Many luxury goods are available in plenty in the country. Correct Answer Both I and II are implicit

The cost of living is directly associated with the prices of essential commodities. So, I is implicit. II denotes an essential consequence of rise in cost of living. So, II is also implicit.
Bissoy MCQ

Related Questions

Essential Commodities Act (ECA), 1955 was in news recently. Which of the following statement(s) is/are incorrect about ECA?
1. ECA was enacted to ensure the easy availability of essential commodities to consumers.
2. Government intervention through ECA can increase price volatility of essential Commodities
3. ECA incentivises storag e infrastructure development
Select the correct answer:
Directions : In each of the following questions a statement is given, followed by three conclusions. Give answer :

Statement : The X passenger car manufacturing company announced a sharp reduction in the prices of its luxury cars.

Assumptions :
I. There may be an increase in the sale of luxury cars of Company X.
II. The other such car manufacturers may also reduce their prices.
III. The competitor companies may not reduce their 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.
Directions : In each of the following questions a statement is given, followed by three conclusions. Give answer :

Statement : 'Move into the upper echelons without paying a steep price - Book a luxurious flat with us'. An advertisement of a construction company for its prestigious project.

Assumptions :
I. It is possible to join the select band of rich people by hard work.
II. Staying in luxury without paying steep price is the criterion of upper crust of the society.
III. Booking a luxurious flat is very easy now.
Directions : In each of the following questions a statement is given, followed by two conclusions. Give answer :

Statements : The Bank of England's move to auction 25 metric tons of gold drew plenty of bidders looking for a bargain, but was criticised by major gold producers worldwide.

Conclusions :
I. The Bank of England should not auction gold which it possesses to keep steady international prices of gold.
II. Bidders should quote higher gold prices to retain present value of gold in the international markets.
Directions : In each of the following questions a statement is given, followed by two conclusions. Give answer :

Statement : "Everyone desires to buy a personal computer", statement of a college student.

Assumptions :
I. Personal computers are not a need but a luxury.
II. Use of personal computers improves quality of skill.
Given below is a statement followed by some conclusions. You have to take the given statement to be true even if it seems to be at variance with the commonly known facts and then decide which of the given conclusions logically follow(s) from the given statement. Statement : According to a recent health survey, people who exercise for atleast half an hour every day are less prone to life style diseases. Conclusions : I. Moderate exercise is essential to lead a healthy life. II. Everyone with no exercise on their routine suffer from lifestyle diseases.
Consider the given statements to be true and decide which of the conclusions logically follows from the statements. Statements :
There is an increase in the price of essential commodities due to a strike by the transporters. Conclusions : 1. Government should buy their own vehicles to transport the essential goods 2. Government should negotiate with transporters to withdraw the strike
A word arrangement machine, When given an input line of words, rearranges it in every step following a certain rule. Following is an illustration of an input line of words and various steps of rearrangement.
Input: gone are take enough brought station
Step 1: take gone are enough brought station
Step 2: take are gone enough brought station
Step 3: take are station gone enough brought
Step 4: take are station brought gone enough
And Step 4 is the last step for this input. Now, find out an appropriate step in the following question following the above rule. Question:
Input: car on star quick demand fat
What will be the third step for this input ?
Directions : In each of the following questions a statement is given, followed by two conclusions. Give answer :

Statement : The government has set up a fact finding mission to look into the possible reasons for the recent violence in the area.

Assumptions :
I. The mission may be able to come up with credible information about the incidents.
II. The people in the area may cooperate with the mission and come forward to give detailed information related to the incidents.