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There has been a considerable drop in sales of four-wheelers during the past six months when compared to the number of four-wheelers sold during this period last year.
Which of the following can the probable cause(s) of the above phenomenon?
(A) The govt. imposed higher excise duty on four-wheelers at the beginning of this year.
(B) The petrol prices have risen considerably during the past eight months.
(C) The rate of interest on home and car loans have been rising for the past seven months.
- a)All (A), (B) and (C)
- b)Only (A) and (C)
- c)Only (B) and (C)
- d)(B) Only
- e)(A) Only
Correct answer is option 'A'. Can you explain this answer?
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There has been a considerable drop in sales of four-wheelers during th...
A) All (A), (B) and (C) are possible causes of the drop in four-wheeler sales. It's possible that a combination of these factors could have contributed to the decrease in sales.
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There has been a considerable drop in sales of four-wheelers during th...
Probable causes for the drop in sales of four-wheelers:
A) The government imposed higher excise duty on four-wheelers at the beginning of this year.
- This could be a probable cause for the drop in sales as higher excise duty would increase the cost of four-wheelers, making them less affordable for consumers.
- Higher prices could deter potential buyers from making a purchase, thereby leading to a decrease in sales.
- Increased taxes and duties on four-wheelers would also affect the profitability of automobile manufacturers, further impacting their ability to sell vehicles.
B) The petrol prices have risen considerably during the past eight months.
- Rising petrol prices can have a significant impact on the demand for four-wheelers, especially if they are fuel inefficient or require frequent refueling.
- Higher fuel costs make owning and operating a four-wheeler more expensive, which can discourage potential buyers from making a purchase.
- Consumers may opt for more fuel-efficient alternatives or choose to use public transportation instead of purchasing a four-wheeler.
C) The rate of interest on home and car loans have been rising for the past seven months.
- Increasing interest rates on loans can make financing a four-wheeler more expensive for consumers.
- Higher interest rates lead to higher monthly installments or longer loan tenures, both of which can deter potential buyers from taking on the financial burden of purchasing a four-wheeler.
- Rising interest rates can also impact consumer confidence, making individuals more hesitant to make big-ticket purchases, such as a four-wheeler.
Conclusion:
The probable cause of the considerable drop in sales of four-wheelers during the past six months when compared to the number of four-wheelers sold during the same period last year is likely a combination of factors, including the government's imposition of higher excise duty on four-wheelers, the considerable rise in petrol prices, and the increasing rate of interest on home and car loans. These factors collectively contribute to the increased cost of owning a four-wheeler and diminish consumer demand in the market.
A) The government imposed higher excise duty on four-wheelers at the beginning of this year.
- This could be a probable cause for the drop in sales as higher excise duty would increase the cost of four-wheelers, making them less affordable for consumers.
- Higher prices could deter potential buyers from making a purchase, thereby leading to a decrease in sales.
- Increased taxes and duties on four-wheelers would also affect the profitability of automobile manufacturers, further impacting their ability to sell vehicles.
B) The petrol prices have risen considerably during the past eight months.
- Rising petrol prices can have a significant impact on the demand for four-wheelers, especially if they are fuel inefficient or require frequent refueling.
- Higher fuel costs make owning and operating a four-wheeler more expensive, which can discourage potential buyers from making a purchase.
- Consumers may opt for more fuel-efficient alternatives or choose to use public transportation instead of purchasing a four-wheeler.
C) The rate of interest on home and car loans have been rising for the past seven months.
- Increasing interest rates on loans can make financing a four-wheeler more expensive for consumers.
- Higher interest rates lead to higher monthly installments or longer loan tenures, both of which can deter potential buyers from taking on the financial burden of purchasing a four-wheeler.
- Rising interest rates can also impact consumer confidence, making individuals more hesitant to make big-ticket purchases, such as a four-wheeler.
Conclusion:
The probable cause of the considerable drop in sales of four-wheelers during the past six months when compared to the number of four-wheelers sold during the same period last year is likely a combination of factors, including the government's imposition of higher excise duty on four-wheelers, the considerable rise in petrol prices, and the increasing rate of interest on home and car loans. These factors collectively contribute to the increased cost of owning a four-wheeler and diminish consumer demand in the market.
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There has been a considerable drop in sales of four-wheelers during the past six months when compared to the number of four-wheelers sold during this period last year.Which of the following can the probable cause(s) of the above phenomenon?(A) The govt. imposed higher excise duty on four-wheelers at the beginning of this year.(B) The petrol prices have risen considerably during the past eight months.(C) The rate of interest on home and car loans have been rising for the past seven months.a)All (A), (B) and (C)b)Only (A) and (C)c)Only (B) and (C) d)(B) Onlye)(A) OnlyCorrect answer is option 'A'. Can you explain this answer?
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There has been a considerable drop in sales of four-wheelers during the past six months when compared to the number of four-wheelers sold during this period last year.Which of the following can the probable cause(s) of the above phenomenon?(A) The govt. imposed higher excise duty on four-wheelers at the beginning of this year.(B) The petrol prices have risen considerably during the past eight months.(C) The rate of interest on home and car loans have been rising for the past seven months.a)All (A), (B) and (C)b)Only (A) and (C)c)Only (B) and (C) d)(B) Onlye)(A) OnlyCorrect answer is option 'A'. Can you explain this answer? for CLAT 2024 is part of CLAT preparation. The Question and answers have been prepared according to the CLAT exam syllabus. Information about There has been a considerable drop in sales of four-wheelers during the past six months when compared to the number of four-wheelers sold during this period last year.Which of the following can the probable cause(s) of the above phenomenon?(A) The govt. imposed higher excise duty on four-wheelers at the beginning of this year.(B) The petrol prices have risen considerably during the past eight months.(C) The rate of interest on home and car loans have been rising for the past seven months.a)All (A), (B) and (C)b)Only (A) and (C)c)Only (B) and (C) d)(B) Onlye)(A) OnlyCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for CLAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for There has been a considerable drop in sales of four-wheelers during the past six months when compared to the number of four-wheelers sold during this period last year.Which of the following can the probable cause(s) of the above phenomenon?(A) The govt. imposed higher excise duty on four-wheelers at the beginning of this year.(B) The petrol prices have risen considerably during the past eight months.(C) The rate of interest on home and car loans have been rising for the past seven months.a)All (A), (B) and (C)b)Only (A) and (C)c)Only (B) and (C) d)(B) Onlye)(A) OnlyCorrect answer is option 'A'. Can you explain this answer?.
There has been a considerable drop in sales of four-wheelers during the past six months when compared to the number of four-wheelers sold during this period last year.Which of the following can the probable cause(s) of the above phenomenon?(A) The govt. imposed higher excise duty on four-wheelers at the beginning of this year.(B) The petrol prices have risen considerably during the past eight months.(C) The rate of interest on home and car loans have been rising for the past seven months.a)All (A), (B) and (C)b)Only (A) and (C)c)Only (B) and (C) d)(B) Onlye)(A) OnlyCorrect answer is option 'A'. Can you explain this answer? for CLAT 2024 is part of CLAT preparation. The Question and answers have been prepared according to the CLAT exam syllabus. Information about There has been a considerable drop in sales of four-wheelers during the past six months when compared to the number of four-wheelers sold during this period last year.Which of the following can the probable cause(s) of the above phenomenon?(A) The govt. imposed higher excise duty on four-wheelers at the beginning of this year.(B) The petrol prices have risen considerably during the past eight months.(C) The rate of interest on home and car loans have been rising for the past seven months.a)All (A), (B) and (C)b)Only (A) and (C)c)Only (B) and (C) d)(B) Onlye)(A) OnlyCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for CLAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for There has been a considerable drop in sales of four-wheelers during the past six months when compared to the number of four-wheelers sold during this period last year.Which of the following can the probable cause(s) of the above phenomenon?(A) The govt. imposed higher excise duty on four-wheelers at the beginning of this year.(B) The petrol prices have risen considerably during the past eight months.(C) The rate of interest on home and car loans have been rising for the past seven months.a)All (A), (B) and (C)b)Only (A) and (C)c)Only (B) and (C) d)(B) Onlye)(A) OnlyCorrect answer is option 'A'. Can you explain this answer?.
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ample number of questions to practice There has been a considerable drop in sales of four-wheelers during the past six months when compared to the number of four-wheelers sold during this period last year.Which of the following can the probable cause(s) of the above phenomenon?(A) The govt. imposed higher excise duty on four-wheelers at the beginning of this year.(B) The petrol prices have risen considerably during the past eight months.(C) The rate of interest on home and car loans have been rising for the past seven months.a)All (A), (B) and (C)b)Only (A) and (C)c)Only (B) and (C) d)(B) Onlye)(A) OnlyCorrect answer is option 'A'. Can you explain this answer? tests, examples and also practice CLAT tests.
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