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<u>Directions :</u> In each of the following questions a statement is given, followed by two conclusions. Give answer :<br><br><u>Statements :</u> 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.<br><br><u>Conclusions :</u><br>I. The Bank of England should not auction gold which it possesses to keep steady international prices of gold.<br>II. Bidders should quote higher gold prices to retain present value of gold in the international markets.

Correct Answer: Neither I nor II follows
The statement does not talk against the auction but only speaks of the response it received from the bidders and gold producers. So, I does not follow. The phrase 'plenty of bidders looking for a bargain' is quite contrary to II. So, II also does not follow.

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

Statements : "The Government will review the present policy of the diesel price in view of further spurt in the international oil prices". - A spokesman of the Government.

Conclusions :
I. The Government will increase the price of the diesel after the imminent spurt in the international oil prices.
II. The Government will not increase the price of the diesel even after the imminent spurt in the international oil prices.

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 following question, two statements are given each followed by two conclusions I and II. You have to consider the statements to be true even ifthey seem to be at variance from commonly known facts. You have to decide which of the given conclusions, if any, follows from the given statements. Statement:
(I) Petrol prices are increasing in the economy.
(II) The price of crude oil in international market has not shown reasonable increase. Conclusions:
(I) The inflation has hit various commodities like petrol in the country.
(II) Demand for petrol is increasing but supply has not picked up with the same rate, hence resulting into hike in prices.

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.

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

Statement : "Two months ago, it was announced that Central Government pensioners would get dearness relief with immediate effect but till date, banks have not credited the arrears." - A statement from a Pensioners' Forum.

Assumptions :
I. Most of the banks normally take care of the pensioners.
II. Two months time is sufficient for the government machinery to move and give effect to pensioners.

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

Statements : Good voice is a natural gift but one has to keep practising to improve and excel well in the field of music.

Conclusions :
I. Natural gifts need nurturing and care.
II. Even though your voice is not good, one can keep practising.

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.

Which of the following statement is true?
1. Rs. 63/USD is direct quote in India.
2. Rs. 63/USD is direct quote in USA.
3. 1 Rupee = 0.0158 dollars is indirect quote in India.
4. 1 Rupee = 0.0158 dollars in indirect quote in USA

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

Statement : The X passenger car manufacturing company announced a sharp reduction in the prices of its luxury cars.

Assumptions :
I. There may be an increase in the sale of luxury cars of Company X.
II. The other such car manufacturers may also reduce their prices.
III. The competitor companies may not reduce their prices.

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

Statement : The campaign of 'Keep your city clean' started by the Civil Council did not evoke any response from the citizens.

Assumptions :
I. People do not desire to keep their city clean.
II. The Civil Council has failed in its campaign.