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

Statement : Market trends are changing continuously and with increasing competitiveness, the consumer's demands with respect to the prices and quality are gradually increasing.

Assumptions :
I. The consumers did not care for the prices and quality earlier.
II. Market competitiveness is not favourable for the consumers.

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

Statement : Market trends are changing continuously and with increasing competitiveness, the consumer's demands with respect to the prices and quality are gradually increasing.

Assumptions :
I. The consumers did not care for the prices and quality earlier.
II. Market competitiveness is not favourable for the consumers. Correct Answer Neither I nor II is implicit

The statement talks of 'increasing demands' of consumers. It does not imply that consumers were indifferent to price and quality earlier. So, I is not implicit. Besides, the statement mentions I that increasing competitiveness has made available to consumers a wide variety of options which has led them to comparing things and choosing the one which best suits their requirements and budget. They are thus getting better 'value for their money'. So, II is also not implicit.
Bissoy MCQ

Related Questions

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 two conclusions. Give answer :

Statements : "The Government will review the present policy of the diesel price in view of further spurt in the international oil prices". - A spokesman of the Government.

Conclusions :
I. The Government will increase the price of the diesel after the imminent spurt in the international oil prices.
II. The Government will not increase the price of the diesel even after the imminent spurt in the international oil prices.
Directions : In each of the following questions a statement is given, followed by two conclusions. Give answer :

Statements : Recent trends also indicate that the number of child migrants in large cities is increasing. These children leave their families to join the ranks of urban poor doing odd jobs in markets, workshops, hotels or in service sectors.

Conclusions :
I. Migration to big cities should be checked.
II. The plight of poor children should be thoroughly studied.
Statements followed by some conclusions are given below. Statements : 1. Demand and supply determine the prices of goods and services. 2. When there are too many buyers, prices are pushed up and too many sellers push down prices. Conclusions : I. Buyers and sellers determine the prices. II. Price discovery is market driven. Find which of the given conclusions logically follows from the given statements.
Directions : In each of the following questions a statement is given, followed by three conclusions. Give answer :

Statement : In view of the recent spurt in sugar prices in the open market, the government has asked the dealers to release a vast quantity of imported sugar in the open market.

Assumptions :
I. The dealers will follow the government directive.
II. The sugar prices will come down.
III. The price of indigenous sugar will remain unchanged.
Directions : In each of the following questions a statement is given, followed by two conclusions. Give answer :

Statement : Among all the articles, the prices of personal computers show the highest decline from June 2005 to December 2005.

Assumptions :
I. Comparative prices of all the articles in June and December 2005 were available.
II. Prices of personal computers were higher in the first six months than the last six months of 2005.
Directions : In each of the following questions a statement is given, followed by two conclusions. Give answer :

Statement : "Two months ago, it was announced that Central Government pensioners would get dearness relief with immediate effect but till date, banks have not credited the arrears." - A statement from a Pensioners' Forum.

Assumptions :
I. Most of the banks normally take care of the pensioners.
II. Two months time is sufficient for the government machinery to move and give effect to pensioners.
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.
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 :

Statements : Quality has a price tag. India is allocating lots of funds to education.

Conclusions :
I. Quality of education in India would improve soon.
II. Funding alone can enhance quality of education.