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Statement: In India, a large portion of the 3 million mobile phones sold till date have been purchased from the grey market. Conclusions : I. There are at least 3 million mobile phone subscribers in India. II. Products sold in grey market are tax- free.

if only conclusion I follows
if only conclusion II follows
if either I or II follows
if neither I nor II follows, and

Correct Answer: if only conclusion I follows

Explanation:

I can be concluded from the statement. There may be several reasons for purchasing mobile phone from the grey market. Hence II does not follow.

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