General Studies · Statement and Conclusions
Below a statement has been given followed by two conclusions. Consider the statement to be completely true and answer which of the given conclusions can be derived based on the statement. Statement: The Bank of America's move to auction 25 metric tons of gold drew plenty of bidders looking for a bargain, but was criticised by major gold producers worldwide. Conclusions: I. The Bank of America should not auction gold which it possesses to keep steady international prices of gold. II. Bidders should quote higher gold prices to retain the present value of gold in the international markets.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Only conclusion I follows
- 2Only conclusion II follows
- 3Both conclusions I and II follow
- 4None follows✓
Correct answer
None follows
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for General Studies?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Statement and Conclusions MCQs →Want more practice questions on Statement and Conclusions?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in General Studies · Statement and Conclusions