One statement is given, and it is followed by two inferences numbered I and II. Read the statement and decide which of the inferences is/are true for the given statement.
Statements: Fuel prices in India are inflating day by day, and there is no upper limit in its price increase.
Inferences:
I. Central and State governments have not cut down their respective taxes on fuel.
II. Inflation in the international market is influencing the rising fuel prices.
1.Neither inference I nor II is true.
2.Only inference I is true.
3.Both inferences I and II are true.
4.Only inference II is true.
Correct Answer : 1
Solution :
The statement mentions that "Fuel prices in India are inflating day by day, and there is no upper limit in its price increase."
Rising fuel prices are not necessarily tied to the tax policies of the Central and State governments (as suggested in inference I) nor directly influenced by inflation in the international market (as suggested in inference II).
So, neither inference I nor II is true.
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