Direction: In each question below is given a statement followed by two assumptions numbered I and II. An assumption is something supposed or taken for granted. You have to consider the statement and the following assumptions and decide which of the assumption(s) is/are implicit in the statement.
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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 feature.
II. The present prices different of petroleum products will help the government to with stand any possible price rise in future.
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- if only Assumption I is implicit
- if only Assumption II is implicit
- If either Assumption I or II is implicit
- if neither Assumption I nor II is implicit
Correct Option: D
It is not necessary that the price rise be there in the mind of Government while taking the decision. In fact the truth is that our petroleum companies are running losses even after the drop in international price. Hence, both are invalid assumptions.
