MyQuestionIcon

4

You visited us 4 times! Enjoying our articles? Unlock Full Access!

Market Distortions

Statements:I....

Question

Statements:
I. The Government has imported large quantities of sugar as per trade agreement with other countries.
II. The prices of sugar in the domestic market have fallen sharply in the recent months.

A

Statement I is the cause and statement II is its effect

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

B

Statement II is the cause and statement I is its effect

No worries! We‘ve got your back. Try BYJU‘S free classes today!

C

Both the statements I and II are independent causes

No worries! We‘ve got your back. Try BYJU‘S free classes today!

D

Both the statements I and II are effects of independent causes

No worries! We‘ve got your back. Try BYJU‘S free classes today!

E

Both the statements I and II are effects of some common cause

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is A Statement I is the cause and statement II is its effect
The increase in supply always triggers a reduction in the prices.

Suggest Corrections

thumbs-up

0

Similar questions

(I). Party ‘X’ won clear majority in the recently held state assembly elections

(II). Of late, there was unrest in public and also among the members of the ruling party of the state

Q. Read the following information carefully and choose the most appropriate option
In each of the questions, two statements are numbered as I and II. There may be a cause and effect relationship between the two statements. The statements may be the effect of the same cause or an independent cause. The statements may be independent causes without having any relationship. Read both the statements and mark your answer as:
(A) If statement I is the cause and statement II is its effect.
(B) If statement II is the cause and statement I is its effect.
(C) If both statements I and II are independent causes.
(D) If both statements I and II are effects of independent causes.
Statement I: The Government, by legislation has decided to make all public information available to general public.
Statement II: Before passing of legislation, general public did not have access to public information.

(I). In the university examination, overall performance of students from college ‘X’ was better than that of students from college ‘Y’

(II). Majority of the students depend upon coaching classes for university examinations

I: The Government has imported large quantities of sugar as per trade agreement with other countries.

II: The prices of sugar in the domestic market have fallen sharply in the recent months.

Q. In the given question, there are two statements I and II. These statements may be either independent causes or may be effects of independent causes or a common cause. One of these statements may be the effect of the other statements. Read both the statements and decide which of the following answer choice correctly depicts the relationship between these two statements.

I: The Government has increased rates of petrol and diesel by 10% from the immediate effect.
II: Oil producing countries have decided to increase 10% of production on crude oil from the last quarter.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Market Distortions

ECONOMICS

Watch in App

explore_more_icon

Explore more

Market Distortions

Standard XII Economics

Join BYJU'S Learning Program

CrossIcon