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Statement: The oil marketing companies have already decided to defer the fortnightly revision of petrol and diesel prices in view of volatility in world markets. Conclusions : I. Increase in diesel price may have a cascading effect on the entire gamut of products and services. II. The companies are worried that a sudden spurt in international prices of the diesel may upset earlier calculation over the next few weeks.

if only conclusion I follows
if only conclusion II follows
if either I or II follows
if neither I nor II follows, and

Correct Answer: if only conclusion II follows

Explanation:

I does not follow. The deferring will not lead to an increase in prices. II follows because this is the reason behind deferring '' in view of volatility''.

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