Statement ldquo In a big relief to liquor companies which are holding their stocks worth more than R...........

Logical Reasoning(IBPS PO) Statement - Conclusions

Statement- “In a big relief to liquor companies which are holding their stocks worth more than Rs. 200 crore in Bihar, the Supreme Court on Monday granted them two months more time to transport liquor out of the state and directed them to dispose off their stocks by July 31.”

I. Beverages Companies, contended that it was possible even to destroy the existing stocks by the end of this month.

II. The apex court had earlier fixed a deadline of May 31 for the companies to dispose off their stocks. III. Seeking more time for transporting the stocks out of state, the confederation said in its petition that delay in disposing off stocks was beyond its control as clearances were required from various agencies.

Which of the following can be the Presupposition of the given statement?

Only I

Only II and III

Only I and III

All of the above

None of the above

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Explanation:

In the statement we have to pick the statement which can be assumed from above statement.
For Statement I. Wrong, Because it was not possible to destroy the existing stocks by the end of this month that is why the companies pleaded to the Supreme Court.
For Statement II. Right, Because it is clear from the above statement that the court had fixed the deadline 31 may earlier and there after extended it to 31 july.
For Statement III. Right, Because to dispose off stock and transporting it out of the state requires clearance.