Select the correct conclusion based on the meaning of the highlighted word:
Statement: The shopkeeper’s gambit was to ask double the price.
Conclusion:
i. The shopkeeper was fined for selling inferior quality goods at half the price.
ii. Giving discounts on elevated prices is a clever plan intended to increase sales.
iii. Consumers complained against the shopkeeper for selling adulterated foodstuff at exorbitant prices.
iv. The announcement of an assured prize in the lucky draw was a risky action plan to gain advantage.

Correct option is B

The correct interpretation of “gambit” aligns with options ii and iv.
· Gambit means a calculated move or strategy, often with some risk, intended to gain an advantage (चालाक योजना, जोखिम उठाकर फ़ायदा पाने की कोशिश).
· ii directly explains a pricing tactic — a classic gambit in business.
· iv is also a form of risky ploy — offering a prize to attract more customers.
· i and iii do not relate to “strategic action” but rather to consequences and complaints, hence incorrect.