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Direction: Given below is a passage followed by a question. Select the option that best answers the question.
Oil price in country A is constantly falling for the past 3 months. Like all other countries, country A imports its oil from country B. The Ministry of Commerce claims that the subsequent fall in the oil prices is because of the negotiations done by them in the Oil Summit 2019.
Q. Which of the following statements casts serious doubts on the Ministry’s claims?
  • a)
    The oil supplier is facing an increased cost of production
  • b)
    The supplying country has recently acquired new mining lands
  • c)
    All other countries have recently witnessed a fall in oil prices
  • d)
    The Ministry sent the best of their delegates to the Oil Summit 2019
  • e)
    None of these
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
Direction: Given below is a passage followed by a question. Select th...
Options (A) and (B) do not in any way impact the claims of the ministry.
Option (D) only strengthens the Ministry’s claims.
Option (C) is the only statement that suggests that the fall in oil prices in country A may not be because of the negotiation conducted by the Ministry as all the countries, where Country B supplies oil, have seen a fall in the oil prices.
So, it can be inferred that the fall in the price of oil could have been because of some other reason as it was experienced by all importing countries and not just Country A.
Hence, the correct option is (C).
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Direction: Given below is a passage followed by a question. Select the option that best answers the question.Oil price in country A is constantly falling for the past 3 months. Like all other countries, country A imports its oil from country B. The Ministry of Commerce claims that the subsequent fall in the oil prices is because of the negotiations done by them in the Oil Summit 2019.Q. Which of the following statements casts serious doubts on the Ministry’s claims?a)The oil supplier is facing an increased cost of productionb)The supplying country has recently acquired new mining landsc)All other countries have recently witnessed a fall in oil pricesd)The Ministry sent the best of their delegates to the Oil Summit 2019e)None of theseCorrect answer is option 'C'. Can you explain this answer?
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Direction: Given below is a passage followed by a question. Select the option that best answers the question.Oil price in country A is constantly falling for the past 3 months. Like all other countries, country A imports its oil from country B. The Ministry of Commerce claims that the subsequent fall in the oil prices is because of the negotiations done by them in the Oil Summit 2019.Q. Which of the following statements casts serious doubts on the Ministry’s claims?a)The oil supplier is facing an increased cost of productionb)The supplying country has recently acquired new mining landsc)All other countries have recently witnessed a fall in oil pricesd)The Ministry sent the best of their delegates to the Oil Summit 2019e)None of theseCorrect answer is option 'C'. Can you explain this answer? for Banking Exams 2024 is part of Banking Exams preparation. The Question and answers have been prepared according to the Banking Exams exam syllabus. Information about Direction: Given below is a passage followed by a question. Select the option that best answers the question.Oil price in country A is constantly falling for the past 3 months. Like all other countries, country A imports its oil from country B. The Ministry of Commerce claims that the subsequent fall in the oil prices is because of the negotiations done by them in the Oil Summit 2019.Q. Which of the following statements casts serious doubts on the Ministry’s claims?a)The oil supplier is facing an increased cost of productionb)The supplying country has recently acquired new mining landsc)All other countries have recently witnessed a fall in oil pricesd)The Ministry sent the best of their delegates to the Oil Summit 2019e)None of theseCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Banking Exams 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Direction: Given below is a passage followed by a question. Select the option that best answers the question.Oil price in country A is constantly falling for the past 3 months. Like all other countries, country A imports its oil from country B. The Ministry of Commerce claims that the subsequent fall in the oil prices is because of the negotiations done by them in the Oil Summit 2019.Q. Which of the following statements casts serious doubts on the Ministry’s claims?a)The oil supplier is facing an increased cost of productionb)The supplying country has recently acquired new mining landsc)All other countries have recently witnessed a fall in oil pricesd)The Ministry sent the best of their delegates to the Oil Summit 2019e)None of theseCorrect answer is option 'C'. Can you explain this answer?.
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