Test Index

LIC AAO Model Paper 1

Question : 22

Total: 160

Statement: Most car manufacturers have marginally reduced the price of their products despite higher Input costs and Increased Government duties and have promised to keep the prices at the present level for at least the next couple of months. Which of the following can be a best possible reason for the above step by car manufacturers?

Car manufacturers have not been able to meet their sales target for the current year so far.
The Government Is planning to review taxes on the raw materials for manufacturing cars.
The car sales market is going through a Jubilant phase as the volume of sales has picked up considerably In the recent past and profit per car has also gone up.
Car buyers arc still hesitant to make their purchases and may postpone for another few months.
Oil marketing companies are contemplating reviewing the petrol and diesel prices In order to decide future market prices.

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