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      Question

      In the question below there are three statements

      followed by two conclusions I and II. You have to take the three given statements to be true even if they seem to be at variance from commonly known facts and then decide which of the given conclusions logically follows from the three statements disregarding commonly known facts. Statements: Mostly cost is value. Only value is price. No cost is product. Conclusions: I. No price is product. II. All value can be product.
      A Both conclusion I and conclusion II follow Correct Answer Incorrect Answer
      B Only conclusion I follows Correct Answer Incorrect Answer
      C Only conclusion II follows Correct Answer Incorrect Answer
      D Neither conclusion I nor conclusion II follows Correct Answer Incorrect Answer
      E Either conclusion I or II follows Correct Answer Incorrect Answer

      Solution

      Only value is price → All price are value and price cannot have negative relation with anyone. Hence conclusion I follows but conclusion II does not follow.

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