Question 37

There has been a considerable drop in sales of four- wheelers during the past six months when compared to the number of four-wheelers sold during this period last year. Which of the following can the probable cause(s) of the above phenomenon?
(A) The govt. imposed higher excise duty on four- wheelers at the beginning of this year.
(B) The petrol prices have risen considerably during the past eight months.
(C) The rate of interest on home and car loans have been rising for the past seven months.

Solution

Only B and C ie. "(B) The petrol prices have risen considerably during the past eight months.
(C) The rate of interest on home and car loans have been rising for the past seven months." are the correct options.

Excise duty doesn't affect sales as it is paid by businesses and not the customers.

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