Statement: The Government has decided against reduction of prices of petroleum products though there is a signification drop in the crude oil prices in the international market. Assumption: I. The prices of crude oil in the international market may again increase in the near future. II. The present prices difference of petroleum products will help the government to with stand any possible price rise in future.
Correct Answer: if neither assumption I nor II is implicit.
Explanation:
it is not necessary that price rise he these on the mind of the govt while taking the decision. Hence I nor II is implicit. In fact, the truth is that our petroleum companies are running losses even after the drop international prices.
