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Statement : The Bank of England's move to auction 25 metric tons of gold drew plenty of hiders looking for a bargain, but was criticized by major gold producers worldwide. Conclusions : I. The bank of England should not auction gold which it possesses to keep steady international prices of gold. II. Bidders should quote higher gold prices to retain present value of gold in the international market. |
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Answer: Option D Explanation: The statement does not talk against the auction but only speaks of response it received from the bidders and gold producers. So, I does not follow. The phrase 'Plenty of bidders looking for a bargain' is quite contrary to II. So, II also does not follow. |
In each question below is given a statement followed by two conclusions numbered I and II. You have to assume everything in the statement to be true, then consider the two conclusions together and decide which of them logically follows beyond a reasonable doubt from the information given in the statement.
Give answer:
(A) If only conclusion I follows
(B) If only conclusion II follows
(C) If either I or II follows
(D) If neither I nor II follows and
(E) If both I and II follow.
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