Question
Download Solution PDFDirections: Read the passage given below and select the assumption(s) that hold true based on the facts in the passage.
Cotton acreage in India during the current year has fallen by 10% as cotton growers have moved on the cultivation of other cash crops. This is the result of the cotton glut in world markets post - September 11 and the consequent slowdown in the world economy. But this scenario brought with it benefits to one segment of the industry - yarn manufacturers - as they get higher prices for their produce. Some yarn manufacturers had stocked up low priced cotton last year. The combined effect of all this is evident in the rise in net profits and net margins of yarn manufacturers.
Assumption: The farmers will again grow cotton next year due to the increased price of cotton yarn.
Assumption: There has been a shortage of cotton in the world market last year.
Answer (Detailed Solution Below)
Detailed Solution
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After reading the passage checking all the assumptions one by one.
Assumption: The farmers will again grow cotton next year due to the increased price of cotton yarn.
A) The assumption is definitely true → (Incorrect)
B) The assumption is probably true → (Incorrect)
C) The assumption is probably false → (Incorrect)
D) The assumption is definitely false → (Correct) As the passage does not provide any information that indicates farmers' future decisions based on the current year's cotton yarn prices, we cannot definitively assume the farmers' actions for next year.
Hence (D) follows the statement.
Hence the correct answer is "Option 4".
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