Question
Download Solution PDFRead the statements and mark the correct answer.
Statement I: The prices of petrol products have increased substantially during the past few months in India.
Statement II: The prices of many goods in India are increasing now-a-days.
These statements may have a cause and effect relationship or may have independent causes or be the effects of independent causes.
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFStatement I: The prices of petrol products have increased substantially during the past few months in India. → Effect
Statement II: The prices of many goods in India are increasing now-a-days. → Effect
Increase of petrol prices could also be due to global oil prices or government policy. The price of the other goods could be increasing due to inflation, supply chain issues, or demand supply imbalances, thus not directly linked to petrol prices.
Thus, I, II are effects of independent causes.
Hence, "Option 3" is the correct answer.
Last updated on Sep 27, 2023
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