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Q: Given below is a statement followed by two possible conclusions I and II. Read the information carefully and select the correct option. Statement: Country B has been importing 80% of its crude oil and petroleum from country Y for a few decades now to fulfil their fuel needs. However, owing to the current financial crisis in country Y, it exports the crude oil and petroleum to other countries at 30% higher prices now. Which of the following can be concluded from the given information? I. The car resale industry in country B will be on verge of a total shut down in the coming months. II. Country B will increase fuel tax by 30%
  • A. Neither I nor II can be concluded from the given information.
  • B. Both I and II can be concluded from the given information.
  • C. Only II can be concluded from the given information.
Correct Answer: Option A - As per the given information of the statement it can be clear that the car resale in country B will be shut down is not concluded in the given information, while country B will increases fuel tax by 30% is also not concluded in the given statement. Hence, option (a) will be correct.
A. As per the given information of the statement it can be clear that the car resale in country B will be shut down is not concluded in the given information, while country B will increases fuel tax by 30% is also not concluded in the given statement. Hence, option (a) will be correct.

Explanations:

As per the given information of the statement it can be clear that the car resale in country B will be shut down is not concluded in the given information, while country B will increases fuel tax by 30% is also not concluded in the given statement. Hence, option (a) will be correct.