Question

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.

a.

Only I and II are implicit

b.

Only II and III are implicit

c.

Only I and III are implicit

d.

None is implicit

Posted under Logical Reasoning

Answer: (a).Only I and II are implicit

Interact with the Community - Share Your Thoughts

Uncertain About the Answer? Seek Clarification Here.

Understand the Explanation? Include it Here.

Q. 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...

Similar Questions

Explore Relevant Multiple Choice Questions (MCQs)

Q. Statement: During pre-harvest kharif season, the government has decided to release vast quantity of food grains from FCI.
Assumptions:

I. There may be a shortage of food grains in the market during this season.
II. The kharif crop may be able to replenish the stock of FCI.
III. There may be a demand from the farmers to procure kharif crop immediately after harvest.

Q. Statement: Let us increase the taxes to cover the deficit.
Assumptions:

I. The present taxes are very low.
II. Deficit in a budget is not desirable.
III. If the taxes are not increased, the deficit cannot be met.

Q. Statement: "We must introduce objective type tests to improve our examinations for admission to MBA." - The Chairman of the Admission Committee tells the Committee.
Assumptions:

I. The admission at present is directly through the interview.
II. The Admission Committee is desirous of improving the admission examinations.
III. The Chairman himself is an MBA.

Q. Statement: Use 'X' brand shoes. These are durable and available in all sizes. - An advertisement in the newspaper A.
Assumptions:

I. Normally people like durable shoes.
II. Very few people read advertisement in a newspaper.
III. Very few people read the newspaper A.

Q. Statement: The State Government has unilaterally increased by five percent octroi on all commodities entering into the state without seeking approval of the Central Government.
Assumptions:

I. The State Government may be able to implement its decision.
II. The Central Government may agree to support the State Government's decision.
III. The State Government may be able to earn considerable amount through the additional octroi.

Q. Statement: In the recently held All India Commerce Conference the session on 'Management of Service Sector in India' surprisingly attracted large number of participants and also received a very good media coverage in the leading newspapers.
Assumptions:

I. People were not expecting such an encouraging response for service sector.
II. Service sector is not managed properly in India.
III. Media is always very positive towards service sector.

Q. Statement: The simplest and the most cost-effective way to upgrade your home Exchange your old furniture and get 25% to 33% off on the new furniture.' - An advertisement of a furniture company.
Assumptions:

I. Nowadays, there is no demand for furniture products unless some attractive scheme is offered.
II. Some customers always desire to have best quality and do not bother either for cost or for convenience.
III. Some customers want to keep their home up-to-date with reasonable cost and with less hassles.

Q. Statement: Everybody loves reading adventure stories.
Assumptions:

I. Adventure stories are the only reading material.
II. Nobody loves reading any other material.
III. All are literate.

Q. Statement: Delink degrees with jobs. Then, boys will think twice before joining colleges.
Assumptions:

I. Boys join college education for getting jobs.
II. A degree is of no use for getting a job.
III. Girls do not try for jobs.

Q. Statement: In spite of the heavy rains the traffic has not been disrupted this year.
Assumptions:

I. The traffic is disrupted in rainy seasons only.
II. Rains do not affect traffic movement.
III. Adequate precautions were taken for traffic management during rainy season.

Q. Statement: The company has decided to increase the price of all its products to tackle the precarious financial position.
Assumptions:

I. The company may be able to wipe out the entire losses incurred earlier by this decision.
II. The buyers may continue to buy its products even after the increase.
III. The company has adequate resources to continue production for few more months.

Q. Statement: Tender specification will not be issued to the firms where there is 25% or more default in supplies against earlier purchase orders placed on them' - Condition of a Company X inviting tenders for the purchase of material.
Assumptions:

I. The Company X will be watching the quality of performance of its suppliers.
II. This time the firms should keep the percentage of default as less as possible.
III. The Company X expects quality and professional approach from its suppliers.

Q. 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.

Q. Statement: India's economic growth has come at a terrible price of increased industrial and vehicular pollution.
Assumptions:

I. Pollution is a part of industrial society.
II. Indian economic growth is based on only industrial growth.
III. A country desires economic growth with manageable side effects.

Q. Statement: The Government of India has set up one-stop facilitation counters manned by trained staff for attending to various needs of the foreign tourists at all the international airports.
Assumptions:

I. There is adequate trained staff available to man these counters in shifts.
II. The services provided by these counters will help boosting inflow of foreign tourists.
III. Majority of the foreign tourists need variety of services when they reach India.

Q. Statement: "Work hard to be successful in the examinations." - A advises B. Assumptions:
Assumptions:

I. B listens to As advice.
II. Passing the examination is desirable.
III. Hard practice leads to success.

Q. Statement: "If you are intelligent, we are the right people for improving your performance." - An advertisement of a coaching institute.
Assumptions:

I. Brilliant students prefer to join coaching classes.
II. Coaching classes help the students to improve their performance.
III. No other institute provides such coaching.

Q. Statement: The Reserve Bank of India has directed the banks to refuse fresh loans to major defaulters.
Assumptions:

I. The banks may still give loans to the defaulters.
II. The defaulters may repay the earlier loan to get fresh loan.
III. The banks may recover the bad loans through such harsh measures.

Q. Statement: We must be prepared to face any eventuality and all the assignments must be completed as per their schedule - Director tells the Faculty members.
Assumptions:

I. There is possibility of any serious eventuality.
II. Dates are fixed for all the assignments.
III. Faculty members are supposed to complete all the assignments.

Q. Statement: An advertisement of Bank X - "Want to open a bank account! Just dial our 'home service' and we will come at your doorsteps."
Assumptions:

I. No other bank makes available service at the doorstep of the customer.
II. People may choose Bank X for their financial transactions.
III. Nowadays banking has become very competitive.

Recommended Subjects

Are you eager to expand your knowledge beyond Logical Reasoning? We've handpicked a range of related categories that you might find intriguing.

Click on the categories below to discover a wealth of MCQs and enrich your understanding of various subjects. Happy exploring!