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.
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. Neither inference I nor II is true.
I. Central and State governments have not cut down their respective taxes on fuel - Not inference (This suggests that the tax rates by central and state governments have remained the same.)
II. Inflation in the international market is influencing the rising fuel prices - Not inference (This suggests that international market inflation affects fuel prices, which is a common and plausible reason for changes in fuel prices, given that they often correlate with international oil market trends.)