Statement: It has been decided by the Government to withdraw 33% of the subsidy on cooking gas from the beginning of next month.

Conclusions:
I. People now no more desire or need such subsidy from Government as they can afford increased price of the cooking gas.
II. The price of the cooking gas will increase at least by 33% from the next month.

Only conclusion I follows

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Only conclusion II follows

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Either I or II follows

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Neither I nor II follows

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Both I and II follow

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Solution

The correct option is D
Neither I nor II follows

The decision to withdraw subsidy has clearly been taken to compensate for the loss and not because people can now afford to pay more for cooking gas. So, I does not follow.
Also, the statement talks of withdrawing 33% of the prevailing subsidy and not of reducing 33% of the actual price. So, II also does not follow.

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Similar questions

Statements: It has been decided by the Government to withdraw 33% of the subsidy on cooking gas from the beginning of next month. - A spokesman of the Government.

Conclusions:

I. People now no more desire or need such subsidy from Government as they can afford increased price of the cooking gas.

II. The price of the cooking gas will increase at least by 33% from the next month.

Q. 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.
Statements: It has been decided by the Government to withdraw 33% of the subsidy on cooking gas from the beginning of next month. - A spokesman of the Government
Conclusions:
I. People now no more desire or need such subsidy from Government as they can afford increased price of the cooking gas.
II. The price of the cooking gas will increase at least by 33% from the next month.

If the price of cooking gas increase by 36%by what percentage should a family decrease its consumption of cooking gas so that expenditure on cooking gas remains same as earlier

The center reportedly wants to continue providing subsidy to consumers for cooking gas and kerosene for five more years. This is not good news from the point of view of reining in the fiscal deficit. Mounting subventions for subsidies means diversion of savings by the government from investment to consumption, raising the cost of capital in the process. The government must cut expenditure on subsidies to create more fiscal space for investments in both physical and social infrastructure. It should outline a plan for comprehensive reform in major subsidies including petroleum, food and fertilizers and set goal posts.

Which of the following is a conclusion which can be drawn from the facts stated in the above paragraph?

Q. Statement: The government has decided to reduce its subsidy on LPG; however the subsidy on kerosene remains unchanged.
Assumptions:
I. Those people who buy LPG can afford to purchase LPG for a higher price.
II. Many people may stop buying LPG and instead use kerosene.

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