Direction: In the question given below, a passage is given followed by some statements. Read the passage and answer the questions that follow.

Statement: According to a report, the Ministry of Consumer Affairs has approved mandatory hallmarking of gold and silver jewelry. Compulsory hallmarking will be applicable from 1 January 2020. This new rule will also affect the gold rates but it will also help you in buying pure gold. Hallmarking on gold and silver jewelry will be completely mandatory from 1 January 2020. At least one year's time will be given for implementing mandatory hallmarking in remote areas.

Which of the following will be a valid effect of the decision taken by the Ministry of Consumer Affairs?

I) Price of gold will change but the silver price may not change in the coming years.

II) Gold sellers can't cheat people and this will assure buyers of the purity of gold.

III) Demand for gold definitely going to decrease in the Indian market.

IV) Several small shop owner selling jewelry may close their shops in the next one year.

V) No gold and silver can be sold without a hallmark in the Indian market.

1
Only I
2
Only II
3
Both III & V
4
More than two
5
Only IV

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