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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.

Correct Answer: Both I and II follow

For perfect competition, indicate the correct answer for essential conditions from the following.
1. Large number of buyers and sellers
2. Perfect knowledge of the market
3. Homogeneous product for sale
4. Absence of transportation cost
5. Freedom of entry and exit of buyers and sellers from the market
6. Rational Behaviour of buyers and sellers

In each of the following question below are given some statements followed by some conclusions. Taking the given statements to be true even if theyseem to be at variance from commonly known facts, read all the conclusions and then decide which of the given conclusion logically follows the given statements.
Statements:
I. Some cups are plates.
II. All spoons are blue.
III. No plates are spoon.
Conclusions:
I. Some cups are not spoon.
II. Some plates are not blue.
III. Some cups are not blue.
IV. Some blue are not plates.

Statements followed by some conclusions are given below. Statements : 1. Some football players are cricketers. 2. All hockey players love football though some are cricketers. Conclusions : I. Some hockey players who are cricketers play football too. II. There is at the most one cricketer who plays football and hockey. Find which of the given conclusions logically follows from the given statements.

In the following question below are given some statements followed by some conclusions. Taking the given statements to be true even if they seem tobe at variance from commonly known facts, read all the conclusions and then decide which of the given conclusion logically follows the given statements.
Statements:
I. All dens are spiral.
II. Some spirals are cards.
Conclusions:
I. Some spirals are not cards.
II. Some dens are not cards.
III. Some cards are den.

In each of the following question below are given some statements followed by some conclusions. Taking the given statements tobe true even if they seem to be at variance from commonly known facts, read all the conclusions and then decide which of the given conclusion
logically follows the given statements.
Statements:
I. Some girls are clever.
II. All clever are hardworking.
Conclusions:
I. Some girls are not hardworking.
II. Some girls are hardworking.
III. Some hardworking are not girls.

In each of the following question below are given some statements followed by some conclusions. Taking the given statements to be true even if they seem to be at variance from commonly known facts, read all the conclusions and then decide which of the given conclusion logically follows the given statements.

Statements:

I. Some pens are pencils.
II. All pencils are erasers.

Conclusions:

I. Some pens are erasers.
II. No pens are erasers.
III. Some erasers are pencils

In each of the following question below are given some statements followed by some conclusions. Taking the given statements to be true even if they seemto be at variance from commonly known facts, read all the conclusions and then decide which of the given conclusion logically follows the given statements.
Statements:
I. Some boys are hardworking.
II. No intelligent are boys.
Conclusions:
I. Some hardworking are not intelligent.
II. All hardworking are intelligent.
III. Some intelligent are not hardworking.

In the following question below are given some statements followed by some conclusions. Taking the given statements to be true even if they seem to
be at variance from commonly known facts, read all the conclusions and then decide which of the given conclusion logically follows the given statements.
Statements:
I. Some pens are pencils.
II. All pencils are erasers.
Conclusions:
I. Some pencils are not pens.
II. Some erasers are not pens.

In each of the following question below are given some statements followed by some conclusions. Taking the given statements to be true even if they
seem to be at variance from commonly known facts, read all the conclusions and then decide which of the given conclusion logically follows the given statements.
Statements:
I. All stars are white.
II. All white are moon.
III. No moon is blue.
Conclusions:
I. Some moon are stars.
II. No blue is stars.
III. Some white are stars.
IV. Some blue are white.

In the following question below are given some statements followed by some conclusions. Taking the given statements to be true even if they seem tobe at variance from commonly known facts, read all the conclusions and then decide which of the given conclusion logically follows the given statements.
Statements:
I. Some pens are pencils.
II. Some pens are erasers.
Conclusions:
I. Some pencils are erasers.
II. All erasers are pens.