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If there is a generally a disruption in the supply of wheat and rice in the international market resulting in higher international prices, the domestic prices for these commodities in India also tends to increase. This is despite the fact that India produces most of its own wheat and rice and imports hardly any quantity of these two commodities.
Which one of the following conclusions is best supported by the above argument? (Enter the conclusion number in the space provided)
  • a)
    Domestic production of wheat and rice is not sufficient for the country.
  • b)
    International price surge does not have on domestic prices as long as the domestic production meets local demand.
  • c)
    Domestic prices are a factor of international prices as surplus wheat and rice at exported at international rates.
  • d)
    Surplus wheat and rice are not exported by the country and these are stored for future consumption.
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
If there is a generally a disruption in the supply of wheat and rice ...
In the given case, only 3 resolves the issue in pricing and explains what is happening in the given context. In the given case, we need to explain how domestic and international prices are in sync and give the reason for change in domestic prices when international prices go up. Since the domestic demand is met locally, the import of wheat and rice is ruled out. The other impact possible is the export of wheat and rice. If a country exports wheat and rice, then its prices will be aligned with international prices. This logic is explained by 3.
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If there is a generally a disruption in the supply of wheat and rice in the international market resulting in higher international prices, the domestic prices for these commodities in India also tends to increase. This is despite the fact that India produces most of its own wheat and rice and imports hardly any quantity of these two commodities.Which one of the following conclusions is best supported by the above argument? (Enter the conclusion number in the space provided)a)Domestic production of wheat and rice is not sufficient for the country.b)International price surge does not have on domestic prices as long as the domestic production meets local demand.c)Domestic prices are a factor of international prices as surplus wheat and rice at exported at international rates.d)Surplus wheat and rice are not exported by the country and these are stored for future consumption.Correct answer is option 'C'. Can you explain this answer?
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If there is a generally a disruption in the supply of wheat and rice in the international market resulting in higher international prices, the domestic prices for these commodities in India also tends to increase. This is despite the fact that India produces most of its own wheat and rice and imports hardly any quantity of these two commodities.Which one of the following conclusions is best supported by the above argument? (Enter the conclusion number in the space provided)a)Domestic production of wheat and rice is not sufficient for the country.b)International price surge does not have on domestic prices as long as the domestic production meets local demand.c)Domestic prices are a factor of international prices as surplus wheat and rice at exported at international rates.d)Surplus wheat and rice are not exported by the country and these are stored for future consumption.Correct answer is option 'C'. Can you explain this answer? for CAT 2025 is part of CAT preparation. The Question and answers have been prepared according to the CAT exam syllabus. Information about If there is a generally a disruption in the supply of wheat and rice in the international market resulting in higher international prices, the domestic prices for these commodities in India also tends to increase. This is despite the fact that India produces most of its own wheat and rice and imports hardly any quantity of these two commodities.Which one of the following conclusions is best supported by the above argument? (Enter the conclusion number in the space provided)a)Domestic production of wheat and rice is not sufficient for the country.b)International price surge does not have on domestic prices as long as the domestic production meets local demand.c)Domestic prices are a factor of international prices as surplus wheat and rice at exported at international rates.d)Surplus wheat and rice are not exported by the country and these are stored for future consumption.Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for CAT 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for If there is a generally a disruption in the supply of wheat and rice in the international market resulting in higher international prices, the domestic prices for these commodities in India also tends to increase. This is despite the fact that India produces most of its own wheat and rice and imports hardly any quantity of these two commodities.Which one of the following conclusions is best supported by the above argument? (Enter the conclusion number in the space provided)a)Domestic production of wheat and rice is not sufficient for the country.b)International price surge does not have on domestic prices as long as the domestic production meets local demand.c)Domestic prices are a factor of international prices as surplus wheat and rice at exported at international rates.d)Surplus wheat and rice are not exported by the country and these are stored for future consumption.Correct answer is option 'C'. Can you explain this answer?.
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(Enter the conclusion number in the space provided)a)Domestic production of wheat and rice is not sufficient for the country.b)International price surge does not have on domestic prices as long as the domestic production meets local demand.c)Domestic prices are a factor of international prices as surplus wheat and rice at exported at international rates.d)Surplus wheat and rice are not exported by the country and these are stored for future consumption.Correct answer is option 'C'. Can you explain this answer?, a detailed solution for If there is a generally a disruption in the supply of wheat and rice in the international market resulting in higher international prices, the domestic prices for these commodities in India also tends to increase. This is despite the fact that India produces most of its own wheat and rice and imports hardly any quantity of these two commodities.Which one of the following conclusions is best supported by the above argument? (Enter the conclusion number in the space provided)a)Domestic production of wheat and rice is not sufficient for the country.b)International price surge does not have on domestic prices as long as the domestic production meets local demand.c)Domestic prices are a factor of international prices as surplus wheat and rice at exported at international rates.d)Surplus wheat and rice are not exported by the country and these are stored for future consumption.Correct answer is option 'C'. Can you explain this answer? has been provided alongside types of If there is a generally a disruption in the supply of wheat and rice in the international market resulting in higher international prices, the domestic prices for these commodities in India also tends to increase. This is despite the fact that India produces most of its own wheat and rice and imports hardly any quantity of these two commodities.Which one of the following conclusions is best supported by the above argument? (Enter the conclusion number in the space provided)a)Domestic production of wheat and rice is not sufficient for the country.b)International price surge does not have on domestic prices as long as the domestic production meets local demand.c)Domestic prices are a factor of international prices as surplus wheat and rice at exported at international rates.d)Surplus wheat and rice are not exported by the country and these are stored for future consumption.Correct answer is option 'C'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice If there is a generally a disruption in the supply of wheat and rice in the international market resulting in higher international prices, the domestic prices for these commodities in India also tends to increase. This is despite the fact that India produces most of its own wheat and rice and imports hardly any quantity of these two commodities.Which one of the following conclusions is best supported by the above argument? (Enter the conclusion number in the space provided)a)Domestic production of wheat and rice is not sufficient for the country.b)International price surge does not have on domestic prices as long as the domestic production meets local demand.c)Domestic prices are a factor of international prices as surplus wheat and rice at exported at international rates.d)Surplus wheat and rice are not exported by the country and these are stored for future consumption.Correct answer is option 'C'. Can you explain this answer? tests, examples and also practice CAT tests.
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