Statements: The Bank of England's move to auction 25 metric tons of gold drew plenty of bidders looking for a bargain, but was criticised by major gold producers worldwide.
Conclusions:
The Bank of England should not auction gold which it possesses to keep steady international prices of gold.
Bidders should quote higher gold prices to retain present value of gold in the international markets.
Options
A. Only conclusion I follows
B. Only conclusion II follows
C. Either I or II follows
D. Neither I nor II follows
E. Both I and II follow
Correct Answer
Neither I nor II follows
Explanation
The statement does not talk against the auction but only speaks of the 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.
Statement and Conclusion problems
Search Results
1. Statements: If all players play to their full potential, we will win the match. We have won the match.
Conclusions:
All players played to their full potential.
Some players did not play to their full potential.
That more emphasis should be laid on productivity areas instead of sciences does not mean that the country has achieved sufficient progress in sciences. But it implies that productivity factor was previously being neglected. So, II follows while I does not.
3. Statements: The 'Official Secrets Act' (OSA) enacted by the ABC government during the war seems to be one of the major source of corruption in the country X.
Conclusions:
The OSA has to be abolished immediately to put an end to the corruption in the country X.
The ABC government had an intention of encouraging corruption in the government offices.
The statement declares enactment of OSA as the direct cause of increase in corruption. So, I follows. However, enactment of an act by a government is undertaken for betterment and not with the intention of encouraging corruption though whatever may be the outcome later on. So, II does not follow.
4. Statements: Any young man, who makes dowry as a condition for marriage, discredits himself and dishonours womanhood.
Conclusions:
Those who take dowry in marriage should be condemned by society.
Those who do not take dowry in marriage respect womanhood.
Clearly, the statement declares dowry as an evil practice and reflects its demerits. Thus, conclusion I follows. Also, it is given that those who take dowry dishonour womanhood. This implies that those who do not take dowry respect womanhood. So, II also follows.
5. Statements: Leaders, who raise much hue and cry about the use of Hindi, generally send their children to English medium schools.
Conclusions:
India lacks good Hindi medium schools.
There is a world of difference between preaching and practising.
Clearly, both I and II correctly explain the given statement. So, both follow.
9. Statements: The President of XYZ Party indicated that 25 independent Members of Legislative Assembly (MLA) are seriously considering various options of joining some political party. But in any case all of them collectively will join one party only.
Conclusions:
The 25 independent MLAs will join XYZ party in a short period of time.
The 25 independent MLAs will join some other political party in a short period of time.