Discussion Forum : Statement & Assumptions
Question -
Statement:
The Government has decided against reduction of prices of petroleum products though there is a significant drop in the crude oil prices in the international market.
Assumptions:
I. The prices of crude oil in the international market may again increase in the near future.
II. The present price difference of petroleum products will help the government to withstand any possible price rise in future.
The Government has decided against reduction of prices of petroleum products though there is a significant drop in the crude oil prices in the international market.
Assumptions:
I. The prices of crude oil in the international market may again increase in the near future.
II. The present price difference of petroleum products will help the government to withstand any possible price rise in future.
Answer: Option D
Answer: (d)It is not necessary that price rise be there on the mind of the govt while taking the decision. Hence neither I nor II is implicit. In fact, the truth is that our petroleum companies are running losses even after the drop in international prices.
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Answer: (d)It is not necessary that price rise be there on the mind of the govt while taking the decision. Hence neither I nor II is implicit. In fact, the truth is that our petroleum companies are running losses even after the drop in international prices.
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