21702
Unique Id: 18462 Edit screen 1 Edit screen 2

DIRECTION for the question: Read the information given and answer the question that follows.

Domestic steel industry has been going through challenging times with raw material prices rising unabated and government trying to cap final product (steel) prices in order to keep inflation under check. Notably, the government has taken several measures in the past six months to keep a check on steel prices, which contribute around 3.63% of WPI. Now, after holding prices for three months the battle between the government and steel players has erupted again. With the anticipation of players increasing prices very soon, government is trying to counter this with the imposition of a price band on steel products. Imposition of price band may unfairly treat the domestic steel industry as global steel prices are ruling at 30% premium to domestic prices. Global prices have increased by 50%-60% in 2008 as compared to just 20% rise in the domestic market.
 
In recent past, the increase of steel prices in the international market is much lower than that in the domestic market.
A)
if the inference is 'definitely true', i.e. it properly follows from the statement of facts given.
B)
if the inference is 'probably true' though not 'definitely true' in the light of the facts given.
C)
if the "data are inadequate", i.e. from the facts given you cannot say whether the inference is likely to be true or false.
D)
if the inference is 'probably false', though not "definitely false1 in the light of the facts given.
E)
if the inference is 'definitely false', i.e. it cannot possibly be drawn from the facts given or it contradicts the given facts.

Question include in Following Tests :
WIN MHCET 01 (2023)
WIN MHCET 01 (2024)