| Statement: Sugar prices shot up by Rs. 30 per quintal to trade at a one year high of Rs.4,120 4,230 per quintal in the wholesale market in the national capital today following brisk buying by stockists and bulk consumers coupled with tight supplies from mills. |
| Assumptions: |
| (a) Increase in demand of sugar by the consumer in the market |
| (b) Decrease in the price of sugarcane in the market |
| (c) Decrease in the taxes by the Government of India on day-to-day products |
A) Only A is implicit
B) Only B is implicit
C) Only C is implicit
D) Neither A nor B is implicit
E) Both A and B are implicit
Correct Answer: A
Solution :
More demand and less supply is causing a rise in the price, so only (a) is implicit. Whenever there is decrease in the rates of taxes, there will be a fall in the price of sugar. So (c) is not a valid options. (b) is contraty to the statement and hence not implicit.
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