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Directions: Read the following passage carefully and answer the question that follows.
The government recently raised the price of alcohol to compensate for the increase in the import duty of the foreign liquor. This raise in the price of alcohol is a healthy step because it would bring down the consumption of alcohol among people. Also it would drastically reduce domestic violence, health issues and crime, which were encouraged by drinking alcohol.
Which of the following statements would seriously pose a doubt on the argument?
  • a)
    Increasing price of domestic liquor to match with the increase in foreign liquor is bad policy.
  • b)
    The price rise for alcohol may propel people towards buying foreign liquor.
  • c)
    Increased price of alcohol would severely hit the low and middle income group families as the addict may not quit drinking.
  • d)
    Weaning people away from alcohol may pose a greater health issue which would involve greater expense in treatment of the same.
  • e)
    Consumption of alcohol does not have a significant impact on the social scenario.
Correct answer is option 'C'. Can you explain this answer?
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Directions: Read the following passage carefully and answer the quest...
The reasoning seems simple enough: increased price will bring down consumption. But if (3) happens, which is quite likely, the result will only be increased hardship for the family, with little or no reduction in alcohol consumption.
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Directions: Read the following passage carefully to answer the given question.The Government of India has tried to assure a reasonable return to fertiliser industry so that indigenous production can keep pace with the projected increase in demand of fertilisers. At the same time the farmers have also been assured of a reasonable price so that fertiliser use can be encouraged. The Government efforts to meet the twin policy objectives have resulted in a substantial increase in domestic production as well as consumption of fertiliser but at the same time they have also resulted in an increase in subsidy on fertilisers. A proposal was made to increase the price of fertiliser by 40 percent, and this was subsequently reduced to 30 per cent, except in the case of small and marginal farmers where no increase has been envisaged. The impact on the over all cost of cultivation ranging between 0.1 per cent in case of paddy in Assam to highest of 5.25 in case of wheat in West Bengal, depending on the cropping pattern and level of use of fertilisers. The concern now is (i) whether the price increase will reduce the absolute level of consumption of fertilisers and/or, (ii) whether it will cut down the rate of growth of fertiliser consumption, which is necessary for achieving the food and fibre production?Regarding the issue of price elasticity of fertiliser's demand and output response to price change of fertilisers, the recent studies do not give a consistent pattern of output response to price change. The estimated elasticities of rice and wheat are not consistent when time series regression analysis and yield response functions are used. Further, the bias in the selection of elasticities renders them undependable to draw any general conclusions.Besides, relative price movements are expected to be lower in controlled markets than in free markets and hence the estimated elasticities would be upwardly biased when compared with the true demand elasticities.On the other hand, it is argued that price variable is having a limited variation while demand and supply factors determine the actual use of fertiliser by farmers. One can, however, legitimately expect that the increased prices of fertiliser would remove some of the inefficiencies in its use, but this would be limited to those high fertiliser consuming regions. It is noted that in terms of total production, the developed regions still hold the key as the levels of productivity are much higher in these regions when compared to backward regions. Therefore, high fertiliser prices may not affect the output to the extent it is feared. Thus, on the whole, the removal of subsidies may work out to be partially beneficial.An immediate cut in subsidy may (i) trigger the domestic inflation rate which is already conspicuous and (ii) make our agricultural products less competitive in the international markets. The latter may defeat our new export-oriented policies, while the former leads to social unrest. However, the protagonists of new policies perceive these problems as of short run nature. Though the final results of these policies are expected to take 2–3 years to materialise, at the moment these changes are causing ripples in the economy.Given the dominance of small and marginal farmer in the agricultural sector, the fact that the consumption of plant nutrients declined by 8.2 per cent for small farms while it has increased by 6.5 per cent on large farms, when fertiliser prices went up by 38 per cent, is a matter of concern. It shows that the small farmers are the first victims of the cut in these subsidies, at least in the short run. The main problems faced by these farmers are two–fold:Given their low marketable surpluses and lack of capacity to withhold the stocks, they are not in a position to avail the higher output prices which can compensate for higher input prices. Even if they are in a position to do so, the low level of resources availability during the crop season may force them to cut down fertiliser use. This, in turn, would result in decline in productivity and hence marketable surplus.Their subsistence nature would result in paying higher amounts for their consumption needs in the event of an increase in input prices. Therefore, the removal of subsidies may further intensify their non–viability. The pattern of growth in agricultural sector in the new technology phase has created chronic regional imbalances. Part of this can certainly be attributed to the region–specific structural characteristics, but none can deny the failure of policies in minimising the gap between regions. Among the various policy instruments, input subsidies should have been used carefully towards this purpose. If the production performance was regionally even and robust to withstand the reduction in input intensity, then there would have been a case to withdraw the input subsidies.Indian agriculture has always been a very unequal affair. Even before colonisation, there was rampant inequality arising from the feudal structures of agriculture and regional differences. Under British rule many of these inequalities were further exacerbated through heavy taxation of even the smallest farmer. Despite half a century of independence, these inequalities are still getting worse. The arrival of the World Bank and International Monetary Fund strengthened the hand of those within the Indian government who believe that export–oriented agriculture and free trade would 'lift all ships' out of poverty despite the lack of evidence that this has worked in India.Therefore, it is clear that the inequalities in farm sector would not only continue but may tend to widen in the changing scenario. Similarly, the inequalities between developed and backward regions would also increase as the latter, besides being burdened with the price rise, also suffer from inefficient usage of fertiliser consequent to the adverse climatic conditions and lack of resources.Q. Which of the following statements is/are true?

Directions: Read the following passage carefully to answer the given question.The Government of India has tried to assure a reasonable return to fertiliser industry so that indigenous production can keep pace with the projected increase in demand of fertilisers. At the same time the farmers have also been assured of a reasonable price so that fertiliser use can be encouraged. The Government efforts to meet the twin policy objectives have resulted in a substantial increase in domestic production as well as consumption of fertiliser but at the same time they have also resulted in an increase in subsidy on fertilisers. A proposal was made to increase the price of fertiliser by 40 percent, and this was subsequently reduced to 30 per cent, except in the case of small and marginal farmers where no increase has been envisaged. The impact on the over all cost of cultivation ranging between 0.1 per cent in case of paddy in Assam to highest of 5.25 in case of wheat in West Bengal, depending on the cropping pattern and level of use of fertilisers. The concern now is (i) whether the price increase will reduce the absolute level of consumption of fertilisers and/or, (ii) whether it will cut down the rate of growth of fertiliser consumption, which is necessary for achieving the food and fibre production?Regarding the issue of price elasticity of fertiliser's demand and output response to price change of fertilisers, the recent studies do not give a consistent pattern of output response to price change. The estimated elasticities of rice and wheat are not consistent when time series regression analysis and yield response functions are used. Further, the bias in the selection of elasticities renders them undependable to draw any general conclusions.Besides, relative price movements are expected to be lower in controlled markets than in free markets and hence the estimated elasticities would be upwardly biased when compared with the true demand elasticities.On the other hand, it is argued that price variable is having a limited variation while demand and supply factors determine the actual use of fertiliser by farmers. One can, however, legitimately expect that the increased prices of fertiliser would remove some of the inefficiencies in its use, but this would be limited to those high fertiliser consuming regions. It is noted that in terms of total production, the developed regions still hold the key as the levels of productivity are much higher in these regions when compared to backward regions. Therefore, high fertiliser prices may not affect the output to the extent it is feared. Thus, on the whole, the removal of subsidies may work out to be partially beneficial.An immediate cut in subsidy may (i) trigger the domestic inflation rate which is already conspicuous and (ii) make our agricultural products less competitive in the international markets. The latter may defeat our new export-oriented policies, while the former leads to social unrest. However, the protagonists of new policies perceive these problems as of short run nature. Though the final results of these policies are expected to take 2–3 years to materialise, at the moment these changes are causing ripples in the economy.Given the dominance of small and marginal farmer in the agricultural sector, the fact that the consumption of plant nutrients declined by 8.2 per cent for small farms while it has increased by 6.5 per cent on large farms, when fertiliser prices went up by 38 per cent, is a matter of concern. It shows that the small farmers are the first victims of the cut in these subsidies, at least in the short run. The main problems faced by these farmers are two–fold:Given their low marketable surpluses and lack of capacity to withhold the stocks, they are not in a position to avail the higher output prices which can compensate for higher input prices. Even if they are in a position to do so, the low level of resources availability during the crop season may force them to cut down fertiliser use. This, in turn, would result in decline in productivity and hence marketable surplus.Their subsistence nature would result in paying higher amounts for their consumption needs in the event of an increase in input prices. Therefore, the removal of subsidies may further intensify their non–viability. The pattern of growth in agricultural sector in the new technology phase has created chronic regional imbalances. Part of this can certainly be attributed to the region–specific structural characteristics, but none can deny the failure of policies in minimising the gap between regions. Among the various policy instruments, input subsidies should have been used carefully towards this purpose. If the production performance was regionally even and robust to withstand the reduction in input intensity, then there would have been a case to withdraw the input subsidies.Indian agriculture has always been a very unequal affair. Even before colonisation, there was rampant inequality arising from the feudal structures of agriculture and regional differences. Under British rule many of these inequalities were further exacerbated through heavy taxation of even the smallest farmer. Despite half a century of independence, these inequalities are still getting worse. The arrival of the World Bank and International Monetary Fund strengthened the hand of those within the Indian government who believe that export–oriented agriculture and free trade would 'lift all ships' out of poverty despite the lack of evidence that this has worked in India.Therefore, it is clear that the inequalities in farm sector would not only continue but may tend to widen in the changing scenario. Similarly, the inequalities between developed and backward regions would also increase as the latter, besides being burdened with the price rise, also suffer from inefficient usage of fertiliser consequent to the adverse climatic conditions and lack of resources.Q. One of the reasons behind the government's decision to review the policy on subsidy on fertilisers is to

Directions: Read the following passage carefully to answer the given question.The Government of India has tried to assure a reasonable return to fertiliser industry so that indigenous production can keep pace with the projected increase in demand of fertilisers. At the same time the farmers have also been assured of a reasonable price so that fertiliser use can be encouraged. The Government efforts to meet the twin policy objectives have resulted in a substantial increase in domestic production as well as consumption of fertiliser but at the same time they have also resulted in an increase in subsidy on fertilisers. A proposal was made to increase the price of fertiliser by 40 percent, and this was subsequently reduced to 30 per cent, except in the case of small and marginal farmers where no increase has been envisaged. The impact on the over all cost of cultivation ranging between 0.1 per cent in case of paddy in Assam to highest of 5.25 in case of wheat in West Bengal, depending on the cropping pattern and level of use of fertilisers. The concern now is (i) whether the price increase will reduce the absolute level of consumption of fertilisers and/or, (ii) whether it will cut down the rate of growth of fertiliser consumption, which is necessary for achieving the food and fibre production?Regarding the issue of price elasticity of fertiliser's demand and output response to price change of fertilisers, the recent studies do not give a consistent pattern of output response to price change. The estimated elasticities of rice and wheat are not consistent when time series regression analysis and yield response functions are used. Further, the bias in the selection of elasticities renders them undependable to draw any general conclusions.Besides, relative price movements are expected to be lower in controlled markets than in free markets and hence the estimated elasticities would be upwardly biased when compared with the true demand elasticities.On the other hand, it is argued that price variable is having a limited variation while demand and supply factors determine the actual use of fertiliser by farmers. One can, however, legitimately expect that the increased prices of fertiliser would remove some of the inefficiencies in its use, but this would be limited to those high fertiliser consuming regions. It is noted that in terms of total production, the developed regions still hold the key as the levels of productivity are much higher in these regions when compared to backward regions. Therefore, high fertiliser prices may not affect the output to the extent it is feared. Thus, on the whole, the removal of subsidies may work out to be partially beneficial.An immediate cut in subsidy may (i) trigger the domestic inflation rate which is already conspicuous and (ii) make our agricultural products less competitive in the international markets. The latter may defeat our new export-oriented policies, while the former leads to social unrest. However, the protagonists of new policies perceive these problems as of short run nature. Though the final results of these policies are expected to take 2–3 years to materialise, at the moment these changes are causing ripples in the economy.Given the dominance of small and marginal farmer in the agricultural sector, the fact that the consumption of plant nutrients declined by 8.2 per cent for small farms while it has increased by 6.5 per cent on large farms, when fertiliser prices went up by 38 per cent, is a matter of concern. It shows that the small farmers are the first victims of the cut in these subsidies, at least in the short run. The main problems faced by these farmers are two–fold:Given their low marketable surpluses and lack of capacity to withhold the stocks, they are not in a position to avail the higher output prices which can compensate for higher input prices. Even if they are in a position to do so, the low level of resources availability during the crop season may force them to cut down fertiliser use. This, in turn, would result in decline in productivity and hence marketable surplus.Their subsistence nature would result in paying higher amounts for their consumption needs in the event of an increase in input prices. Therefore, the removal of subsidies may further intensify their non–viability. The pattern of growth in agricultural sector in the new technology phase has created chronic regional imbalances. Part of this can certainly be attributed to the region–specific structural characteristics, but none can deny the failure of policies in minimising the gap between regions. Among the various policy instruments, input subsidies should have been used carefully towards this purpose. If the production performance was regionally even and robust to withstand the reduction in input intensity, then there would have been a case to withdraw the input subsidies.Indian agriculture has always been a very unequal affair. Even before colonisation, there was rampant inequality arising from the feudal structures of agriculture and regional differences. Under British rule many of these inequalities were further exacerbated through heavy taxation of even the smallest farmer. Despite half a century of independence, these inequalities are still getting worse. The arrival of the World Bank and International Monetary Fund strengthened the hand of those within the Indian government who believe that export–oriented agriculture and free trade would 'lift all ships' out of poverty despite the lack of evidence that this has worked in India.Therefore, it is clear that the inequalities in farm sector would not only continue but may tend to widen in the changing scenario. Similarly, the inequalities between developed and backward regions would also increase as the latter, besides being burdened with the price rise, also suffer from inefficient usage of fertiliser consequent to the adverse climatic conditions and lack of resources.Q. Among the problems faced by small farmers is/are

Read the given passage and answer the questions that follow. Some words and phrases have been underlined for you to answer better.The lower-than-expected GDP numbers for the third quarter (Q3) of the ongoing fiscal, combined with some early indicators for the final quarter, confirm the fears that the third wave of the pandemic may have had a bigger impact on growth than was earlier expected. According to data released by the National Statistical Office on Monday, the GDP grew by 5.4 per cent during Q3 of 2021-22. For the full financial year, GDP growth is now estimated to hit 8.9 per cent, lower than the 9.2 per cent projected earlier. While this is not bad news – after all, the economy actually shrunk by 6.6 per cent in 2020-21 – the slower than expected growth rate poses a question mark over the Budget estimates. What is worrying is the sharp slowdown in growth momentum. GDP growth clocked a scorching 20.3 per cent in Q1 (April-Jun e), fell sharply to 8.5 per cent in Q2 (July-September) and has fallen further.Sectoral data show up other worrying indicators. Construction, which not only carries significant weight in the economy, but also is a big generator of jobs, contracted by 2.8 per cent. Manufacturing growth was nearly stagnant at 0.2 per cent. Sectors like automobiles – a good indicator of consumer sentiment – are stagnating. The Q3 growth was disincentivised by the “relief rally” in private consumptions, as Covid-induced restrictions eased. While private final consumption grew 7 per cent in Q3, it is expected to drop to just 1.5 per cent in Q4 (January to March). The government’s capital expenditure also has slowed sharply, with gross fixed capital formation growing by just 2 per cent in Q3. This raises question marks over the government’s massive capital expenditure plans for 2022-23. That momentum could drop further as indicated by the slide in GST collections, which fell to 1.33 lakh crore in February 2022 from 1.40 lakh crore in January, although the Finance Ministry has pointed out that February is a shorter month.More worrying is the steady rise in inflation. Which has been at the top end of the RBI’s “comfort band” for months now. Overall retail (consumer inflation) is at 6 per cent for January, although separate indices compiled by the Labour Ministry for industrial workers and agriculture and farm workers came in at 5.8 and 5.5 per cent, respectively. Worryingly, food inflation is over 6.22 per cent, while the less-used Wholesale Price Index has been in double-digit territory for 10 months now. With the strife in Ukraine sending energy prices soaring, and sanctions adding to the existing supply chain disruptions, a number of sectors are likely to feel the hit in the coming months. The Centre and the RBI have their task cut out to maintain some sort of fiscal and monetary support for growth while ensuring that prices do not go out of control. A cut in fuel taxes – despite revenue implications – may be the only option to curb the impact of soaring oil prices. Further, the RBI will have to manage the rupee to ensure imports – essential for growth – do not get priced out of hand by a strengthening dollar.Q. Which of the following can be inferred from the first few lines of the passage?

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Directions: Read the following passage carefully and answer the question that follows.The government recently raised the price of alcohol to compensate for the increase in the import duty of the foreign liquor. This raise in the price of alcohol is a healthy step because it would bring down the consumption of alcohol among people. Also it would drastically reduce domestic violence, health issues and crime, which were encouraged by drinking alcohol.Which of the following statements would seriously pose a doubt on the argument?a)Increasing price of domestic liquor to match with the increase in foreign liquor is bad policy.b)The price rise for alcohol may propel people towards buying foreign liquor.c)Increased price of alcohol would severely hit the low and middle income group families as the addict may not quit drinking.d)Weaning people away from alcohol may pose a greater health issue which would involve greater expense in treatment of the same.e)Consumption of alcohol does not have a significant impact on the social scenario.Correct answer is option 'C'. Can you explain this answer?
Question Description
Directions: Read the following passage carefully and answer the question that follows.The government recently raised the price of alcohol to compensate for the increase in the import duty of the foreign liquor. This raise in the price of alcohol is a healthy step because it would bring down the consumption of alcohol among people. Also it would drastically reduce domestic violence, health issues and crime, which were encouraged by drinking alcohol.Which of the following statements would seriously pose a doubt on the argument?a)Increasing price of domestic liquor to match with the increase in foreign liquor is bad policy.b)The price rise for alcohol may propel people towards buying foreign liquor.c)Increased price of alcohol would severely hit the low and middle income group families as the addict may not quit drinking.d)Weaning people away from alcohol may pose a greater health issue which would involve greater expense in treatment of the same.e)Consumption of alcohol does not have a significant impact on the social scenario.Correct 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 Directions: Read the following passage carefully and answer the question that follows.The government recently raised the price of alcohol to compensate for the increase in the import duty of the foreign liquor. This raise in the price of alcohol is a healthy step because it would bring down the consumption of alcohol among people. Also it would drastically reduce domestic violence, health issues and crime, which were encouraged by drinking alcohol.Which of the following statements would seriously pose a doubt on the argument?a)Increasing price of domestic liquor to match with the increase in foreign liquor is bad policy.b)The price rise for alcohol may propel people towards buying foreign liquor.c)Increased price of alcohol would severely hit the low and middle income group families as the addict may not quit drinking.d)Weaning people away from alcohol may pose a greater health issue which would involve greater expense in treatment of the same.e)Consumption of alcohol does not have a significant impact on the social scenario.Correct 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 Directions: Read the following passage carefully and answer the question that follows.The government recently raised the price of alcohol to compensate for the increase in the import duty of the foreign liquor. This raise in the price of alcohol is a healthy step because it would bring down the consumption of alcohol among people. Also it would drastically reduce domestic violence, health issues and crime, which were encouraged by drinking alcohol.Which of the following statements would seriously pose a doubt on the argument?a)Increasing price of domestic liquor to match with the increase in foreign liquor is bad policy.b)The price rise for alcohol may propel people towards buying foreign liquor.c)Increased price of alcohol would severely hit the low and middle income group families as the addict may not quit drinking.d)Weaning people away from alcohol may pose a greater health issue which would involve greater expense in treatment of the same.e)Consumption of alcohol does not have a significant impact on the social scenario.Correct answer is option 'C'. Can you explain this answer?.
Solutions for Directions: Read the following passage carefully and answer the question that follows.The government recently raised the price of alcohol to compensate for the increase in the import duty of the foreign liquor. This raise in the price of alcohol is a healthy step because it would bring down the consumption of alcohol among people. Also it would drastically reduce domestic violence, health issues and crime, which were encouraged by drinking alcohol.Which of the following statements would seriously pose a doubt on the argument?a)Increasing price of domestic liquor to match with the increase in foreign liquor is bad policy.b)The price rise for alcohol may propel people towards buying foreign liquor.c)Increased price of alcohol would severely hit the low and middle income group families as the addict may not quit drinking.d)Weaning people away from alcohol may pose a greater health issue which would involve greater expense in treatment of the same.e)Consumption of alcohol does not have a significant impact on the social scenario.Correct answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for Banking Exams. Download more important topics, notes, lectures and mock test series for Banking Exams Exam by signing up for free.
Here you can find the meaning of Directions: Read the following passage carefully and answer the question that follows.The government recently raised the price of alcohol to compensate for the increase in the import duty of the foreign liquor. This raise in the price of alcohol is a healthy step because it would bring down the consumption of alcohol among people. Also it would drastically reduce domestic violence, health issues and crime, which were encouraged by drinking alcohol.Which of the following statements would seriously pose a doubt on the argument?a)Increasing price of domestic liquor to match with the increase in foreign liquor is bad policy.b)The price rise for alcohol may propel people towards buying foreign liquor.c)Increased price of alcohol would severely hit the low and middle income group families as the addict may not quit drinking.d)Weaning people away from alcohol may pose a greater health issue which would involve greater expense in treatment of the same.e)Consumption of alcohol does not have a significant impact on the social scenario.Correct answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Directions: Read the following passage carefully and answer the question that follows.The government recently raised the price of alcohol to compensate for the increase in the import duty of the foreign liquor. This raise in the price of alcohol is a healthy step because it would bring down the consumption of alcohol among people. Also it would drastically reduce domestic violence, health issues and crime, which were encouraged by drinking alcohol.Which of the following statements would seriously pose a doubt on the argument?a)Increasing price of domestic liquor to match with the increase in foreign liquor is bad policy.b)The price rise for alcohol may propel people towards buying foreign liquor.c)Increased price of alcohol would severely hit the low and middle income group families as the addict may not quit drinking.d)Weaning people away from alcohol may pose a greater health issue which would involve greater expense in treatment of the same.e)Consumption of alcohol does not have a significant impact on the social scenario.Correct answer is option 'C'. Can you explain this answer?, a detailed solution for Directions: Read the following passage carefully and answer the question that follows.The government recently raised the price of alcohol to compensate for the increase in the import duty of the foreign liquor. This raise in the price of alcohol is a healthy step because it would bring down the consumption of alcohol among people. Also it would drastically reduce domestic violence, health issues and crime, which were encouraged by drinking alcohol.Which of the following statements would seriously pose a doubt on the argument?a)Increasing price of domestic liquor to match with the increase in foreign liquor is bad policy.b)The price rise for alcohol may propel people towards buying foreign liquor.c)Increased price of alcohol would severely hit the low and middle income group families as the addict may not quit drinking.d)Weaning people away from alcohol may pose a greater health issue which would involve greater expense in treatment of the same.e)Consumption of alcohol does not have a significant impact on the social scenario.Correct answer is option 'C'. Can you explain this answer? has been provided alongside types of Directions: Read the following passage carefully and answer the question that follows.The government recently raised the price of alcohol to compensate for the increase in the import duty of the foreign liquor. This raise in the price of alcohol is a healthy step because it would bring down the consumption of alcohol among people. Also it would drastically reduce domestic violence, health issues and crime, which were encouraged by drinking alcohol.Which of the following statements would seriously pose a doubt on the argument?a)Increasing price of domestic liquor to match with the increase in foreign liquor is bad policy.b)The price rise for alcohol may propel people towards buying foreign liquor.c)Increased price of alcohol would severely hit the low and middle income group families as the addict may not quit drinking.d)Weaning people away from alcohol may pose a greater health issue which would involve greater expense in treatment of the same.e)Consumption of alcohol does not have a significant impact on the social scenario.Correct answer is option 'C'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Directions: Read the following passage carefully and answer the question that follows.The government recently raised the price of alcohol to compensate for the increase in the import duty of the foreign liquor. This raise in the price of alcohol is a healthy step because it would bring down the consumption of alcohol among people. Also it would drastically reduce domestic violence, health issues and crime, which were encouraged by drinking alcohol.Which of the following statements would seriously pose a doubt on the argument?a)Increasing price of domestic liquor to match with the increase in foreign liquor is bad policy.b)The price rise for alcohol may propel people towards buying foreign liquor.c)Increased price of alcohol would severely hit the low and middle income group families as the addict may not quit drinking.d)Weaning people away from alcohol may pose a greater health issue which would involve greater expense in treatment of the same.e)Consumption of alcohol does not have a significant impact on the social scenario.Correct answer is option 'C'. Can you explain this answer? tests, examples and also practice Banking Exams tests.
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