Question
Read the given statements and conclusions carefully.
Decide which of the given conclusions is true based the given statements. Statement: Canadian steel is harder than the steel produced in most other countries across the world. Conclusion: I. Canadian steel manufacturers must be making a huge profit on their steel. II. There’s something about the manufacturing process employed by Canadian steel manufacturers that makes their steel harder.Solution
The statement makes no mention of the selling price or profitability. It is possible that there is some other aspect of Canadian steel that dissuades people from using it. Then, these manufacturers will not be making huge profits. Thus, Conclusion I is not valid. Again, we do not know whether it is something about the manufacturing process or whether it is something about the chemical composition of the raw materials used to make this steel that is responsible for this steel being harder. Thus, Conclusion It is also not valid. Â Thus, neither conclusion I nor II follows. Hence, the correct answer is (D).
How much capital did State Bank of India raise through its 15-year infrastructure bonds, and at what interest rate were these bonds priced?
With which international organization has the Petroleum and Natural Gas Regulatory Board (PNGRB) collaborated to create a roadmap for hydrogen blending ...
What initiative has the Securities and Exchange Board of India (SEBI) taken regarding dispute resolution in the Indian securities markets through market...
Which bank has become the first to officially introduce the Mahila Samman Savings Certificate (MSSC) scheme? What are the key features of this scheme?
What is the name of the project for which the Union Cabinet has approved a last-mile broadband connectivity plan for 6.4 lakh villages across the countr...
As per the recently released All India Survey on Higher Education (AISHE) 2020-2021 by the Ministry of Education, total enrolment in higher education h...
Which country does Kristalina Georgieva, the current Managing Director and Chairwoman of the International Monetary Fund (IMF), hail from?
Under the Indian Trusts Act, 1882, what happens if the trustee dies or becomes incapable of acting? Â
Which financial institutions have pledged support for the development of green hydrogen and India's green growth during the International Conference on ...
What is the maximum foreign investment allowed in an Indian insurance company?
Â