Question

In each of the questions given below, there is a statement followed by three assumptions numbered I, II and III. An assumption is something supposed or taken for granted. You have to consider the statement and assumptions and then decide, which of the assumption(s) is/are implicit in the statement.
Statement : To increase profit, the oil exporting countries decided to reduce the production of crude by 5 million barrels per day.
Assumptions :I. The price of crude may increase due to less production.
II. The demand of crude may remain same in future.
III. Other countries may continue buying crude from these countries.

• A. All are implicit
• B. Only II and III are implicit
• C. Only I and II are implicit
• D. None is implicit

Answer 1

Answer: (C)

Only I and II are implicit

Answer 2

The correct option is (C):Only I and II are implicit