Statement: The price of petrol has increased globally; hence, inflation in the country will rise. Conclusions: I. Petrol prices directly impact inflation in the country. II. The country imports petrol from the global market. Which conclusion(s) logically follow? MCQ with Answer and Explanation

The statement draws a direct cause-and-effect link between global petrol prices and domestic inflation, making Conclusion I valid. Furthermore, this link implies the country's economy is tied to global petrol prices, which logically implies it imports or relies on global petrol (Conclusion II).