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

Statement : Items in big showrooms in main markets are costlier than similar items in small shops.

Assumptions :
I. Items in small shops are never reliable.
II. Persons managing big showrooms are cheats.
III. Maintenance of big showrooms is an expensive affair in itself; hence the prices are a little higher.

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

Statement : Items in big showrooms in main markets are costlier than similar items in small shops.

Assumptions :
I. Items in small shops are never reliable.
II. Persons managing big showrooms are cheats.
III. Maintenance of big showrooms is an expensive affair in itself; hence the prices are a little higher. Correct Answer Only III is implicit

Clearly, only III defines the correct essence of the statement and hence is implicit.

Related Questions

Directions : In each of the following questions a statement is given, followed by three conclusions. Give answer : Statement : Items in big showrooms in main markets are costlier than similar items in small shops. Assumptions : I. Items in small shops are never reliable. II. Persons managing big showrooms are cheats. III. Maintenance of big showrooms is an expensive affair in itself; hence the prices are a little higher.
Read the given statements and conclusions carefully. Assuming that the information given in the statements is true, even if it appears to be at variance with commonly known facts, decide which of the given conclusions logically follow(s) from the statements. Statements: A. Some bakeries are outlet showrooms. B. All outlet showrooms are shops. Conclusion: 1. Some shops are bakeries as well as outlet showrooms. 2. All bakeries are shops.
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.
Consider the following statements.
1. A profit maximising monopolist in different markets will adjust his sales in the two markets, so that his MR in each market just equals his MC.
2. A profit maximising monopolist in separate markets will not adjust his sales.
3. A profit maximising monopolist in separate markets will adjust his sales in the two markets, so that his MR in each market will greater than MC.
4. A profit maximising firm in separate markets will adjust his sales in each market so, that his MR is less than MC.
Which of the statement(s) given above is/are correct?
In the 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 follow beyond a reasonable doubt from the information given in the statement. Give answer. Statement: Chicago is the most expensive city. Conclusions: I. Singapore is less expensive than Chicago. II. Angola is more expensive than Singapore.
Heavier coins are costlier. Ram’s coin is heavier than Mohan’s and costlier than Ramesh’s. Naresh’s coin is costlier than Ram’s but lighter than Yogesh’s. Ramesh’s coin is costlier than Mohan’s. So who is the owner of the costliest coin?
More heavy the Balls more costlier they are. Rahul’s Ball is heavier than Virat’s and costlier than Rohit’s. Dhoni’s ball is costlier than Rahul’s but lighter than Kedhar’s. Rohit’s ball is costlier than Virat’s. So who is the owner of the costliest ball?
Arrange the sentences in the correct order to form a meaningful sequence. 1. Globalisation refers to the integration of markets in the global economy.  P. Developments in ICT, transport and communications have accelerated the pace of globalisation over the past 30 years.  Q. It leads to the increased interconnectedness of national economies. R. The globalisation of sport and entertainment is also a feature of the late 20th and early 21st centuries. S. Markets where globalisation is particularly common include financial markets, such as capital markets, money and credit markets, and insurance markets, commodity markets etc. 6. The internet has enabled fast and 24/7 global communication, and the use of containerisation has enabled vast quantities of goods and commodities to be shipped across the world at extremely low cost.
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 : 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.